It is being reported that Dubai property prices are reaching the bottom, following highs back in the Summer of 2008, prices have plummeted on the back of the global market and Dubai very much a country under construction has suffered particularly badly. Very much dependent on foreign investment which has suffered causing property prices to plummet with falls of up to 50- 60 % not uncommon.

Now with many properties trading at 2005 levels, many Investors are showing renewed interest in property developments in the UAE, with rental returns very high with a 7% return not uncommon and on specific properties double figures. Also in the past residents who have priced themselves out of once unaffordable properties are purchasing and creating a mini boom.

The off plan market is still struggling as this is very much credit funded and until the financial world economy improves will still stay very in-active.

Recently the government announced a $20bn cash injection into the local banking system and this is helping regain confidence also with the relaxing of residential visa requirements this is a much needed boost.

Still with negative press talking about the mass exodus of people from Dubai leaving , in reality worldwide press is just not understanding the true picture as previously mentioned the off plan credit fuelled building projects have very much stalled, with residents linked to an Employee sponsored visa this was the real reason that people were leaving Dubai, whilst tax free with no jobs it is expensive to fund continuation of living expenses due to no state aid.

We have seen extensive activity through the first quarter of 2009 and with many individuals still opting for a cautious approach the economy we believe will offer amazing investment opportunities once again.



Dubailand Homes brings you the latest news on the Dubai and Abu Dhabi property market aswell as one of the largest UAE Property Listings With over 800 properties now available from extensive property lists and a large Real Estate network we can certainly located that ideal property you have always been looking for.