Dubai real estate boom
February 10, 2008
According to ArabianBusiness.com, Dubai’s real estate is now the second most expensive in the world, after the West End of London. Prices are still climbing but the expentional growth rates have slowed in some areas. Unique properties like the Burj Dubai are still seeing double digit annual growth, but overal prices have slowed their pace.
This in contrast with the statement of HC Securities Brokerage. “Accelerating growth rates have equipped expatriates with the means to rent houses at high rates, and the situation is least likely to be resolved in 2008 as the market is expected to be in short supply of housing units.”
Residential Properties in Dubai…
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