UAE for property market to continue upward trend
As a result of the impressive demand for property in the UAE in a market which has yet to bridge the gap between supply and demand, opportunities for investment exist like no where else worldwide say top industry experts.
Saleh Nasser Al Sorayai, a Saudi investor in several real estate projects, explained that the real estate boom appreared to be sustainable in the long-run, since the UAE is not just attracting people from the Gulf, according to Gulf News.
“Foreigners who come here also need homes and offices.” Al Sorayai stated.
“As a strategic commercial hub Dubai is important for companies from Europe and Asia,” he added.
“There are so many huge building projects are under development, but the demand for property is many times more than what is being supplied. I think the situation will improve in 2008,” he went on to point out.
Speaking of possible risks in the booking market, Al Sorayai said, “For the time being, I do not see any risks in investing money. As long as you do your homework properly before investing, your money is safe. Investors should know who they are working with. It is not a place for amateurs.”
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