fbpx
Join eProperty WhatsApp Channel

Join Pakistan’s Most Popular Whatsapp Channel for Property New Updates and Daily Prices

HOT | PLOTS | BOOKINGS | UAN: 03 111 042 111

eProperty®

Learn, Share & Grow

AXIS Lahore Master Plan

Overseas investors flock to Dubai property market

DUBAI, MARCH 10: Dubai’s property market has witnessed a rise in the number of overseas investors three months into 2011 even as the construction work has picked up on the previously announced projects.

Although some delays are likely, it has been said that no major cancellations are expected to happen to the projects targeted for completion this year, Mr Michael Michael, Director of Sales at Landmark Properties, said in a statement.

Also instilling confidence in Dubai’s economic status is the survey recently released by The Foreign Investment Office of the Dubai Economic Department, which stated that more than 80 per cent of investors plan to maintain or increase their investment in Dubai.

Throughout the start of 2011, Landmark Properties — one of the largest property brokerage agencies in the UAE — has witnessed an increase in interest, specifically from overseas investors seeking property within Dubai.

Mr Michael Michael said: “From the end of last year onward, we have seen a definite increase in interest from overseas clients.”

He added: “Such investors are mainly from countries within the GCC or Eastern Europe, indicating a growing sentiment that Dubai’s property market is now offering investors greater value for money.”

“Although the market is still relatively immature in terms of large institutional overseas investors, Dubai now seems to be back on the agenda for many parties,” Mr Saeed Hashmi, Head of Valuation and Advisory at Landmark Advisory, said.

According to Mr Hashmi, the type of property overseas clients are looking for varies, with many wanting to invest heavily across various property sectors.

He also confirmed that “in comparison to mature western markets, investment property in Dubai attracts much higher equivalent yields, i.e. over 9 per cent for prime property, albeit under differing terms,” suggesting that the significant yield margin and long-term growth prospects in certain sectors is re-attracting healthy investment appeal.

Overseas investors flock to Dubai property market
eProperty WhatsApp Community

Join the eProperty Community for daily Pakistan Property rate updates, the latest developments, and news.

eProperty WhatsApp Community

Property buying and selling was never easy before; simply connect with our WhatsApp hotline for absolutely free property consulting. Please save this number, +923111042111 in your contact list to get regular updates from us; otherwise, you will not receive any updates.

Overseas investors flock to Dubai property market
Scroll to top
Open chat
WhatsApp Hotline
السلام عليكم ورحمة الله وبركاته

مہربانی فرما کر ہمارا نمبر 00923111042111 اپنے موبائل کی رابطہ لسٹ میں محفوظ کر لیں۔ اگر یہ نمبر آپکے موبائل کی رابطہ لسٹ میں محفوظ نہی تو آپ کو ہماری طرف سے تازہ معلومات موصول نہی ہوں گی۔

Kindly save this number in your contact list for future updates. You will not received our WhatsApp updtaes if this number +923111042111 is not saved in your contact list.

Atif Iqbal from eProperty®