The property market in Dubai is set to grow much faster over the next decade, compared to the past 10 years. Evolving regional stability along with planned new development initiatives will continue to attract regional and international investors to Dubai.
The decision to allow non-UAE citizens to purchase freehold property has provided a major boost to the property development sector, kick starting a diverse range of projects that have encouraged foreign investment. The UAE's political and economic stability, combined with a tax-free environment and the high rate of return on investment will continually aid the property market.
Driven by vision, the city is going to attract a lot of quality and knowledge workers to the Emirate which will drive future growth in the property market. Currently the supply seems to be less sufficient with the projected demand which is expected to cause high appreciation in the years to come. There will be continuous demand for real estate property at the mid to high segment of the market, and parallels phased growth schedules charted out by major real estate developers.
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