According to latest statistics, the United Arab Emirate’s real estate market is inclined to rise to 230 billion dirhams ($63 billion) in the next seven years.
The sustained uptrend in global oil prices has contributed to this growth leading to availability of surplus funds especially with the Gulf Cooperation Council (GCC) governments. According to Arab News, development of property and real estate has given rise to a host of property developers, financial institutions and fund management companies spread throughout the UAE with the main concentration being in Dubai.
