Dubai real estate heading towards more maturity dubaipropertysociety/dubai-real-estate-heading-towards-maturity/ The Dubai real estate market will continue to mature and flourish throughout 2015, according to the Chairman of Government-backed developer, Emaar. Mohamed Alabbar said that there was real demand for end-users in the market place today and this will help to spur the market forward. “The concerted efforts of the Dubai government have helped manage the supply pipeline, and at the current trends of population and tourism growth, demand is set to remain healthy,” he said. “We cushioned the market and that is what makes the current softening of the market important from a long-term perspective. What we now have is real demand from end-users and long-term investors. With the city drawing renewed growth energy from the Dubai Plan 2021, we are set to mark a new year of stability.” He added that the measure by the Government to prevent speculation had resulted in the desired effect. “In 2013 we saw the property market heating up again. Demand spiked and the supply stakes broadened. Having learnt our lessons from the past, we did not let the market go berserk.”
Posted on: Thu, 08 Jan 2015 06:52:05 +0000
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