The attractive price of property in Dubai is providing a steady stream of investment in the emirate's real estate sector, analysts have announced.
Khalid Esbaitah, chief executive and managing director of Al Mazaya Holding, has explained that while the prices for Dubai property for sale are currently low, developers are still keen on investing in new projects in the emirate to capitalise on consistent demand for high-quality real estate.
"We can see that the market in Dubai has all the right factors to become a sought-after investment destination and that it is preparing for a new and organized economic leap," he commented.
He went on to state that the reduced market prices present a "golden opportunity" for property prices as a rebound is likely to come quickly.
Meanwhile, HSBC has today (June 1st) announced that it has seen a rise in the average property price in Dubai, with relaxed lending criteria said to have been instrumental in supporting buyer activity.