The statistics first:
Compared to last January, this year is seeing population growth slashed by a half.
Compared to the number of visas issued last year (93,957) this year has witnessed a cut in numbers (88,423 issued this year).
Logical inference:
Less people are coming into Dubai to work, stay, etc., while more people are leaving the Emirate for home countries, greener pastures, etc.
Is it time to get alarmed? Not really.
At least not where Dubai real estate and investment matters. There are some great UAE properties for sale out there and if you have wizened up to the real estate situation, then you just might get lucky.
SkyDome Properties for instance, has access to several Dubai and Abu Dhabi properties currently selling at discounted packages. The projects in Dubai Land, Business Bay, Dubai Marina and Jumeirah Beach are some of the UAE residential properties on sale.
Our Dubai property investment company suggests homeowners and investors alike think hard about purchasing property during the current economic scenario. Given Dubai’s penchant for rebuilding and reinventing itself, you could never know when the tide turns and changes property investment in Dubai for the better.
As a homeowner/investor, would you consider buying/investing in a Dubai apartment for sale now or later when you are more certain of the market? Send in your comments and suggestions to SkyDome Properties.
Photo Credit: Tom@HK
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