Real estate sector in Dubai
shared by tipsinvestment on Feb 06
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Real estate sector in Dubai
Based on materials http://www.thefirstgroup.com
The real estate sector in Dubai will continue to emerge as a mature market in 2015, and it is expected that the real deman...
d will mostly come from end-users and long-term investors. With the current trends of population and tourism growth, the demand continues to remain healthy.
The Dubai Government has taken significant steps aimed at ensuring constant supply growth, which meets all the necessary requirements. These actions serve as an addition to several measures recently introduced to stop speculation.
More than 14,000 buildings are now under construction in the emirate of Dubai. The Buildings Department at Dubai Municipality is currently supervising all buildings throughout the whole construction process. The department ensures that the constructors adhere to rules and regulations of the municipality.
The real estate sector in Dubai is being added to with off-plan launches, as Dubai developers consider it to be more rational and forward-looking to start project launches now, rather than wait for more favourable market circumstances. Since the second half of 2014, there has been a significant increase in off-plan project announcements, which means that the real estate sector in Dubai will have sufficient projects to keep the construction sector constantly growing during the first half of 2015.
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