Dubai: foreign investment up, market stable
Foreign investor demand in Dubai rose 36% in H1 2012, according to a new report.
Cluttons’ report showed overseas investors spending 28.3 billion dirhams ($7.6 billion) in the first half of the year.
The report suggests that the Dubai property market is generally positive, with price increases in specific areas backed up by stability across most of the emirate.
Figures show that sales of high-end villas are increasing in value, echoing Jones Land LaSalle’s prediction earlier this year that Dubai villas would outperform apartments throughout 2012.
Cluttons finished with a prediction that property prices "will remain relatively stable over the next 12 months" – due to the expected addition of 24,000 homes to the market in H2.