Finally, Some Positive Signs For Dubai Real Estate

Lately, there has been an overdose of negative reports and news regarding Dubai real estate, with analyses pouring in from everywhere, on what went wrong and where? The Dubai dwellers and official high ups have always been on the brighter side of the picture, always claming that Dubai has got the ability to bounce back and stand on its feet. However, the human mind always needs logics and justifications to see the things in a clearer perspective (especially if the human happens to be an investor). To all those who are tirelessly undermining Dubais resilience, here is a quick fact check.

Experts are confident that Abu Dhabis in time help will give Dubai a much needed face-lift by enhancing its capacity to endure the testing times. The managing director at CB Richards Ellis talking to Arabian Business indicated There is a considerable amount of liquidity around the world that is looking for opportunities across the globe. He also pointed out that foreign investment in GCC only summed up to12 % of the total investments, discarding the notion of huge capital flight. Explaining the direction in which the bail out funds will be diverted to, he said The statement is worded well, as it concentrates not just on the debt to the banks but to the debts owed to contractors and advisors, He advised investors to re shift their focus from low grade real estate investments to high quality luxury real estate. Richard mentioned the unavailability of high value residence in Dubai as a problem that needed serious attention by the investors.

As many consultants and analysts affirmed their trust in Dubais ability to rebound, one of the firmest believers happens to be the chief of Emaar Properties, who said This significant announcement has provided reassurance to the regional and international investment community that the ties that bind the United Arab Emirates are strong, and that our shared vision of sustainable growth will continue to be realized - despite the challenges posed by the global financial crisis. As a fully integrated participant in the global economy, we surely face further challenges as we continue to forge ahead. But let us make no mistake: our city is strong, as is the federation. Read again, the city Is strong.

GCC countries have maintained their lead in tax exemptions as well. A recent report by PwC, World Bank, and The International Finance Corporation disclosed GCC countries as the leading ones in tax regimes. UAE was placed in the 4th position, which means it is still one of the most attractive destinations in the world to do business. This will go a long way in support of other measures to attract the foreign investment, preserving UAE as one of the most attractive places on earth to invest. All of these signs have come to play in the right time to alleviate the foreign worlds confidence in Dubais real estate as well as business in general.