According to Al-Khaleej newspaper, a recently published report by the World Street Journal shows that the real estate sector in Dubai continues to maintain strong growth levels supported by expanding demand and rising prices. The paper reviewed the huge and unique real estate projects in Dubai particularly the Palm Project and Emaar's projects.
The paper revealed that 60% of the 8,000 houses sold by Emaar in Dubai last year were bought by investors from outside the Middle East region. The paper predicts foreign investors to purchase half of the 13,000 houses, which will be sold by Emaar this year.
