Following a difficult 2 years and some recent Q1 and Q2 poor developers financial results on Dubai Developers are still confident in the future with construction projects restarting in Dubai, very much the philosophy continues build it and they will come, which was the motto for Dubai for years and certainly stood well pre 2008.

Nakheel recently announced that with the recent debt restructuring there will be a re- commencement of master projects like Jumeirah Golf Estates, Jumeirah Park to name a few. The Dubai Governments initiatives of project “tayser “which will look to get completed part unfinished projects in strategic areas of Dubai. Recent announcements of build and construction on the Dubai world land reclamation projects will commence later part of this year

Whilst many property investors are still concerned about falling rents further deliveries of Apartments and villas will potentially will obviously put further strain on property rents,and the rule of thumb of 8% to 10% return may not be applicable it is hoped that economic factors may improve net migration and these properties will become occupied, certainly time will tell !

Regarding property owners that will receive their completed properties that are well overdue and in many cases the Original price paid was at the higher point of the Dubai market, these property investors will undoubtedly be frustrated what the selling ability will be there still remains a gap between buyers expectations and sellers expectations and many real estate agents are still struggling with the not being able to bridge the gap between both parties, this being a reflection of a bottoming out market with owners believing the value of their property is worth more, and the old adage doesn’t apply of “A property is only worth, what someone is prepared to pay for it “ so this will continue to be a factor for the immediate future, until the market clearly turns one way or the other .

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