Dubai real estate is resurfacing after being hit by 2008’s property market crackdown. The Property prices in Dubai plunged down to more than 50% of their hiked values. And what were the sentiments of investors? They indeed got baffled, as they funnelled huge moneys in the real estate market of the emirate of Dubai.
According to the reports sanctioned by Bayut.com, a property portal of Dubai, the property market commenced to exhibit uptrends and notable spikes from the beginning of 2012. This has brought a bloomy notion for the real estate investors, but in my view their old wounds have not dried downright yet. Still the concerns over boom and bust cycle of the property industry prevail and investors are likely to be confused regarding the current property boom.
What are the likely expectations of investors?
They indeed want Dubai real estate to flourish further in the looming time, but this time with certain poise and robust legislative injectors. Even though there are spiking trajectories not only in case of sales figures but also the villas and apartments for rent in Dubai, the investors do not wish to counter the recap of 2008 because the last crackdown took about four years to wear off. The basic reason of the previous bubble burst, in my view, was the government’s heedlessness towards the property market boom.
Investors expect that the Dubai of 2013 is far sensible and sagacious, as compared to the Dubai of 2008. Obviously, there are massive expectations from the government that this time it will be leading real estate sector with strong strategic plans, not for short-term but for the long-term survival of the property sector. Dubai is about to give vent to seven new property related laws, which are expected to rule over the real estate sector in a period of two years. Under this law, the investments of investors will be safeguarded specifically.
Overall, it seems that the real estate stadium is once again ready for the investors to play their strokes. In my view, this time the investors will also play a safe game to keep a way out in case the property market bangs, however, the chances of crystallization of this thought are lesser.
The nuts of bolts of discussion: Investors want to secure returns from their property investments and expect that Dubai real estate would prove far promising this time, as compared to the previous booms. Let’s hope that this time the glamorous Dubai will not face another breakdown of its realty sector.
According to the reports sanctioned by Bayut.com, a property portal of Dubai, the property market commenced to exhibit uptrends and notable spikes from the beginning of 2012. This has brought a bloomy notion for the real estate investors, but in my view their old wounds have not dried downright yet. Still the concerns over boom and bust cycle of the property industry prevail and investors are likely to be confused regarding the current property boom.
What are the likely expectations of investors?
They indeed want Dubai real estate to flourish further in the looming time, but this time with certain poise and robust legislative injectors. Even though there are spiking trajectories not only in case of sales figures but also the villas and apartments for rent in Dubai, the investors do not wish to counter the recap of 2008 because the last crackdown took about four years to wear off. The basic reason of the previous bubble burst, in my view, was the government’s heedlessness towards the property market boom.
Investors expect that the Dubai of 2013 is far sensible and sagacious, as compared to the Dubai of 2008. Obviously, there are massive expectations from the government that this time it will be leading real estate sector with strong strategic plans, not for short-term but for the long-term survival of the property sector. Dubai is about to give vent to seven new property related laws, which are expected to rule over the real estate sector in a period of two years. Under this law, the investments of investors will be safeguarded specifically.
Overall, it seems that the real estate stadium is once again ready for the investors to play their strokes. In my view, this time the investors will also play a safe game to keep a way out in case the property market bangs, however, the chances of crystallization of this thought are lesser.
The nuts of bolts of discussion: Investors want to secure returns from their property investments and expect that Dubai real estate would prove far promising this time, as compared to the previous booms. Let’s hope that this time the glamorous Dubai will not face another breakdown of its realty sector.