The President and Vice President of the UAE are doing all they can to alleviate the housing situation in Gaza, desperate as it is, with a pledge to construct 600 housing units in the country. There are a lot more instances like this to accentuate the efforts the UAE is making for the Palestinians.
In Dubai property and investment, the situation is just the opposite. Of course, the city is not exactly in the grip of conditions of war, but conditions might as well be as dire.
Real estate developers are being asked to slow on property construction progress as the Emirate records its very first deficit. From the thirteen percent per annum growth Dubai used to record, there is a markable lowering observed- one predicted to last until 2015.
Already, UAE properties like the Dubai Waterfront and Palm Jebel Ali are moving at a slower pace. Real estate consultants advise investors and buyers to check out for similar behavior among their investments. Commercial property in Dubai especially, is an area that investors need to be wary regarding.
Hiring the services of a real estate consultant who understands the market intimately is a necessity in these times of decline. When you decide to select a particular location, make sure you or your organization have identified all the opportunities and options available.
It does not matter if the construction projects are being undertaken by established names in the housing construction business, UAE commercial properties all over are affected.
Get to know how you can benefit from Dubai real estate investment during this phase in the market. Visit SkyDome Properties for analytical help and services.
Image Credit: roger jones
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