FOCUSING ON INVESTOR DEMAND ON ITS WAY UP DUBAI

The Emirate was ranked 39 in the list of the top 50 investment cities, with investments rising to $3.68 billion annually. The Real Estate Companies in Dubai is making headlines internationally, not only because of its new ventures. The emirate is back on the list of top cities for investment. Rated 186th in the previous ranking, the Emirate is now number 39 out of 50 cities with an annual investment rise of $3.68 billion.

Focusing on investor demand, Dubai reported news that came as a relief for investors in the real estate sector in the Emirates, reviving many projects where construction during the financial had been halted. The six projects were part of the portfolio of Best Homes and will now.

One indication that the market is on its way up may be greater investor interest, but another strong indicator is the success of some of the leading developers in the market. A profit of $678 million was recorded by Emaar Properties, 37 percent higher than what was recorded the year before. Emaar Properties’ Chairman, said: As we delivered on our improving shareholder value, this was a record nine-month result for Emaar. Through our strategic growth initiatives, including the distributions approved by shareholders at the beginning of this year and the dividends planned for distribution before the end of this year, we have set an industry milestone by announcing a total dividend of AED 17, 12 billion this year.

While the attention on the end-user is apparent, as a result of its record-breaking real estate feats, Dubai has always managed to remain in the headlines. The Emirate has its sights on another ‘highest tower,’ announcing plans to build the worlds largest twin towers at Dubai Creek, the Dubai Twin Towers.

Experts were worried earlier in the year about Dubai Developers moving into a property bubble comparable to the one in 2008. It has become more and more evident, however, that the Emirate has learned its lessons and has responded to the needs of investors and buyers. Although rates may have skyrocketed over the past year, with rents dropping in many main residential areas, the market has reacted rapidly to the needs of end users. The market is bound to regulate itself with fresh innovations in the pipeline, stabilizing as a result of increased supply.