Press Release Summary = Despite predictions, the Dubai property market is not set to
burst just yet.
Press Release Body = Despite predictions, the Dubai property market is not set to
burst just yet. There is no doubt that prices have soared in recent years but
experts say that the prices have nowhere near reached a peak and with the 200,000
units expected to be built in the next 2 years, there's no sign of the market
slowing, primarily due to its need to meet the demands of the overseas investors,
and the ever increasing numbers of expats expected to move here.
10 years from now prices are expected to be as high as 50% more than in the current
market, with the average price rise being 10-15% per year, and with the need for
more affordable every day housing to the "real people" the prices will undoubtedly
stay buoyant.
Mortgage rates in Dubai are relatively high still but the expectation is that as
more competition comes to the market and the mortgage market matures, the rates will
start to come down to meet the demands.With the benefit of a tax free environment,
the rental yields in Dubai are as high as 15% which makes it still one of the Worlds
most profitable property markets to invest in, and with its relatively crime free
status and high standard of living, investors and second home buyers are still
flocking here.
The recent announcement of the Worlds only sports city being built here has added a
new string to its bow, and is expected to host numerous sporting events and house
many world class athletes. The 50 million square foot development will incorporate 4
multi sport stadiums and a championship golf course, and with Manchester United
opening a training school here and the International Cricket Council headquarters
moving here opportunity is showing no signs of slowing down.
To benefit from the expected high Capital Growth, Principal International offer a
selection of Off-Plan properties along the Golden Mile at The Palm Jumeirah starting
from £240,000. If you wish to discuss investing in Dubai property please contact us
on +44 1483 748 629 or visit http://www.principalinternational.co.uk for full
details.
Web Site = http://www.principalinternational.co.uk
2012
