Property investors feel good about Dubai

08/04/2013 - Dubai Property News Posted by Neil King
Property investors feel good about Dubai

The demand for property investments in Dubai continues to grow by the day, with real estate traders flooding into the emirate from far and wide.According to leaders at Al Masah Capital, the city's residential and hospitality sectors enjoyed strong levels of growth last year, the Khaleej Times reports.A report published by the organisation showed that real estate prices are on the up and hotel occupancy rates have also climbed in the last 12 months or so.Business Monitor International (BMI) stated that the UAE's property sector is supported by a number of government-backed investments, particularly in transport infrastructure.The fact that Dubai is politically stable and welcoming of foreigners means the emirate is a global investment hub.A BMI report noted: "The UAE benefits from its strategic importance in the Gulf Co-operation Council and of the strategic importance of the region to the world. Regional unrest has benefited the emirates as they are seen as much safer than their neighbours."Anybody who visits Dubai will notice that the cranes are moving once again above the city, as building projects that were shelved during the economic downturn have been resurrected.New villas, apartments and hotels are selling extremely well at the moment and this has forced prices even higher.Leaders at Cluttons said that property values have risen by as much as 20 per cent in one quarter in certain parts of Dubai, Zawya reports.Head of the company Steve Morgan suggested that this kind of performance would be considered to be a "boom" in other parts of the world.Landlords are benefiting from the upturn, as the firm revealed that rental rates for high-end villas increased by 9.7 per cent between the third quarter of 2012 and the first quarter of 2013.This trend is expected to last for a while, so now is the best time for people to add new assets to their Middle Eastern portfolios. People who do invest in 2013 could make sizeable profits when they come to sell in a few years' time.Click here for your free property investment guide