In a recent press release the UAE central bank governor Sultan Nasser Al Suwaidi as commented that the state of the economy in the region was very good, he said that the property and real estate industry is still stabilising. Bank financing still remains a limiting factor regarding the recovery of the real estate industry many analysts’ believe that the fall in property prices from the peaks of 2008 have finally bottomed out, and some property market reports have now stated that property prices have actually risen in the last few months, the availability of mortgages and the availability of property mortgages with smaller deposits are very few and far between.

Some developers are now offering post payment plans in order to facilitate property purchasing activity with some even offering up to 15 year terms. In and around keys areas like Dubai Marina