With the arrival of 2017, companies and the public are expecting for Dubai’s real estate industry to pick the pace sometime during the mid of the year. While business and tourism are booming, more is needed for the public and foreign investors to come to Dubai and strike a deal in the industry. As market expectations become positive, property prices are expected to rise, but the sector’s performance is less likely to fall into that category.
Rent prices and property purchase remained stagnant for the longest time all last year. This is because of the falling of the dollar and the euro which has disintegrated the value of the currency and also its corresponding purchase power for those seeking to invest in Dubai’s property landscape. With the entry of FDI reduced to a bare minimum, changes expected will be anything but dramatic.
Expert opinion and market researchers, even though seem positive about the recovery of Dubai real estate; however some statistics and analysis do not even make that positive a response. Some analysis also states that the condition of real estate and new housing projects in Dubai industry in Dubai will continue to stay in the same position, let alone improve in any way possible.
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