Positive outlook for Dubai property market
Dubai's property market will continue to expand in 2009, despite the global economic slowdown.
This is according to an article in the Sunday Times, which claims that the investment market in Dubai is adapting to the financial crisis in an attempt to attract a wider range of buyers.
Developers are therefore making an effort to appeal to lifestyle buyers as well as professional investors, while new properties with eco-friendly features are also becoming more commonplace in Dubai.
In addition, the newspaper notes that golf has been identified as the "next big thing" in the emirate, with construction due to start on several luxury golf resorts in the next five years.
Describing Dubai property as a "bold market", the Sunday Times states: "Bolstered by local wealth, international expertise and government support, it will continue to generate interest."
The new golf resort developed by Tiger Woods in conjunction with government holding company Tatweer is scheduled to open in Dubai in late 2009.
Visit our off-plan property United Arab Emirates page.
< Back to latest news