Dubai property market set to boom
Dubai’s property market is set to grow much faster over the next decade, compared to the past 10 years, according to the Executive Chairman of Nakheel, the United Arab Emirates (UAE)-based property development company, Sultan Ahmed Bin Sulayem.
In a statement timed to coincide with the International Investment Summit Network Marketing Exhibition, underway at the Grand Hyatt Dubai Conference Centre, Bin Sulayem said evolving regional stability along with planned new development initiatives will continue to attract regional and international investors to Dubai.
The decision to allow non-UAE citizens to purchase freehold property has provided a major boost to the property development sector, he added, kick starting a diverse range of projects that have encouraged foreign investment.
The International Investment Summit Network Marketing Exhibition, organized by IIR on behalf of the Dubai Development and Investment Authority (DDIA), has brought together investment authorities and promotion boards, multinational corporations, major property developers, international and regional non-governmental organizations, free zone representatives and financial institutions. — (menareport.com)
© 2003 Mena Report (www.menareport.com)