Dubai scores high on risk to return profile of property market
A recent poll commissioned by Sama Dubai of 100 real estate industry leaders found that the GGC scored high on a risk to return profile in comparison to booming real estate sectors in India and China.
The snap poll, taken at the recent premier property expo MIPIM Asia held in Hong Kong, revealed that when balancing risk against returns, 58 per cent chose the GCC and in particular, Dubai according to Khaleej Times.
The results are attributed to the fact thatDubai has been actively wooing investors by continuously rolling out new policies to encourage investment, reduce tax burdens, increase labor laws flexibility and increase cooperation with other governments especially to encourage greater investment.
Those questioned included investors, developers, corporate end-users, retailers, hotel group representatives and consultants/analysts from around the world.
“When it comes to making an investment the snap poll reveals, out of seven key factors, the three that ranked highest in their order of importance are market conditions, micro and macro economic factors and rental prospects. In the GCC the governments strive to outperform other countries on those very factors by continuously rolling out new policies to encourage investment, which help improve the business environment,” said Farhan Faraidooni, CEO of Sama Dubai.