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UAE Property Purchasers Coming back to Real Estate market
11 Nov 2009

With a number of positive reports coming back out of the Dubai and Abu Dhabi real Estate markets investor confidence is beginning to come back, with a number of positive market analysis’s reports and indeed a reporting 8% rise in property prices in key areas mainly around the Dubai Metro Route.

Earlier in the weekend a very much well received positive message being received from the Dubai ruler Sheikh Maktoum regarding the economy of Dubai, whilst admitting times had been difficult in particular in the real estate sectors, very much the worst over.

Many real estate agents are reporting increased activity all be it there is still a standoff both between buyers and sellers and in a numbers of cases the divide cannot be closed. Many property owners are seeing that their villa or apartment will be worth a lot more in a few months time a lot depends on their own financial circumstances, some owner of properties are looking to take this opportunity to purchase larger properties maybe upgrade to a villa from their existing apartments or move area from say Jumeirah Lake towers over to the Marina, whatever the reason, not all property buyers are seeing it like this and still believe the market will fall further, so a lot of activity and property market anticipation is very much being talked about.

 
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