Dubai real estate sector booming
According the September 7 edition of Al-Bayan newspaper, an official report shows that the real estate sector in Dubai had witnessed 86% increase during the period 2001-2004 and an annual growth rate of 16.7%.
The sector witnessed a boom during the recent years and it is expected to continue with the same trend in the short and medium run. The value of the planned projects to be executed in the upcoming 5 years is estimated at more than $30 billion.
- Global Investment House – Kuwait – UAE Real Estate Sector- For the past five years, the GCC region has enjoyed an unprecedented property boom.
- REITs to boost Dubai real estate sector
- Regional property boom leads to massive growth in allied sectors -Value of real estate projects in the ME region has crossed $1 trillion mark
- Al Basel Real Estate Broker expands portfolio of elite foreign investors in Dubai's real estate sector