Positive Signs that the UAE property market is reaching bottom as asset and wealth funds have been set up to invest in the Area promising high returns to its investors. Mayfair Wealth management a Cayman Islands fund will invest $50m into the Real Estate Sector, looking to purchase reduced price properties.

Developer Deyaar as recently undertaken the same concept purchasing a lot of its own projects back like Al Seef Tower in Jumeirah lake Towers From Distressed property Owners, Deyaar concept was to buy back defaulted properties from owners experiencing difficulties with property payments and rent them out until the market offered a acceptable growth on the capital the fund reported to be $136m.

Recent Property activity has been quite buoyant with many cashing in on property prices that have almost halved in the last 12 months and now show signs of reaching bottom offering a good opportunity for investors and residents to purchase these properties at much reduced prices and for some properties that were not affordable only 12 months ago.