The oil-rich United Arab Emirates is a rapidly developing country, which in a few years will be on par with developed economies such as the United States, the European Union and the United Kingdom. Endowed with excellent infrastructure and amenities, in addition to a skilled workforce, the UAE is a vital trade hub connecting the markets of London, New York, Tokyo and Hong Kong. As investor interest grows and FDIs continue to pour in, rents and property prices in the UAE have sky-rocketed. The global financial crunch impacted the country adversely as other parts of the world, but construction work of a majority of projects including Dubai Metro and Dubai World Central is progressing according to schedule. The grit and determination shown by the government in tiding over the liquidity- related problems have had an extremely positive effect on all the sectors including the property market and the region continues to attract people seeking optimum standards of living.

Despite far-reaching changes, things are looking up for the UAE real estate sector. Although property sale prices dipped by 25-27% from an all-time peak in September 2008, they rose by 4% in April 2009, according to an HSBC report. Today, property prices are at their lowest levels, but the UAE is generating a lot of interest among those who are looking to benefit from the decline in prices, the high quality of properties in the emirate, and its sound legislation and infrastructure.

At Dubainetwork.com, we feature the latest trends and analyses complete with relevant figures to keep you updated on one of the world’s most exciting markets.