Dubai properties marketplace shows perfect signs of matureness and seems set to haul ahead sturdy development patterns in 2015, writes Abdul Basit The year 2014 can be described as an awesome one for Dubai properties marketplace for a couple of reasons. The property sector continued regular development during the course of the year while the same trend is expected to continue in 2015. The actual marketplace is one of the most managed on the planet keeping track of application of new rules. The Dubai real estate showed clear signals of maturity amongst growth and decreased in specific areas during 2014. The year began with flourishing marketplace both in rental and estate sales following the famous victory of the worldwide Expo 2020 bidding that created a powerful buyer opinion.
Dubai-based top builders announced huge endeavours throughout the year and achieved very good reactions for key construction projects. Emaar launched several high-profile campaigns in 2014, all of which accumulated solid real estate investor reception, among them from international buyers. Damac Properties also experienced positive sale in its two master developments, Akoya by Damac along with Akoya Oxygen, as regional and international investors recognise the intrinsic and visionary essentials on which Dubai is built. "2014 has been an important year for the housing market in Dubai. We may well look back on the last 12 months and discover this as when a paradigm switch occurred - transferring from conjecture to much more serious medium- to extended investors planning to be part of the Dubai emergence story," said Niall McLoughlin, Damac Properties, the year 2014 will always be great in the UAE's background for a range of points, when it comes to the real estate segment is involved. "To start with, the marketplace displayed evident signs and symptoms of readiness amongst development and decline in specific segments of Dubai properties. Then again, these variances were within achievable limits - and the marketplace procedures were in accordance with that of a grown up market," he said.
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October 2019
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