United Arab Emirates Property News

Huge property price growth in Dubai

Huge property price growth in Dubai The market for residential property in Dubai is back with a vengeance according to new data from leading property experts. The price of residential property to buy in Dubai has increased by more than 9 per cent during the first three months of 2013 as high numbers of investors returned to the emirate keen to purchase property in one of the many new developments hitting the market.

Research shows that on an annual basis property prices in Dubai have grown by more than twenty per cent when compared to the annual growth during the first quarter of 2012 and as the recovery continues residential real estate prices have gone up on average by almost 19 per cent since the middle of last year. While most industry specialists agree that the market in Dubai is well on the road to recovery following the market crash several years ago some experts are concerned that market speculation may return however it is thought that new regulations will stop that from happening.