Arab Today, arab today dubai top property market in world prices up 32
Last Updated : GMT 02:42:58
Arab Today, arab today
Arab Today, arab today

Dubai top property market in world, prices up 32%

Arab Today, arab today

Arab Today, arab today Dubai top property market in world, prices up 32%

Dubai property market
Dubai - WAM

Dubai remains the best performer and has topped the list of Global Property Guide's house price survey for the fifth consecutive quarter, with house prices rising 31.57 per cent during the year to Q1 2014.
In the first quarter, prices rose by 9.58 per cent, said the UK-based research house covering residential market trends in 101 countries.
"Property demand is surging,” the report said, stating Dubai Land Department's (DLD) data that revealed transactions rose 11 per cent during the year to Q1 2014, compared to the same period last year, while transaction values jumped 38 per cent year-on-year to Dh61 billion.
"We expect the next three quarters to be similarly active,” said Sultan Butti Bin Mejren, Director General, DLD, "especially as this period follows the launch of a number of stimulating economic projects in Dubai and the disclosure of some of the preparations for the city's hosting of Expo 2020."
Emaratis are the biggest investors in the Dubai realty sector, followed by Indians, Britons and Pakistanis, according to DLD.
From Q3 2008 to Q3 2011, house prices dropped by 53 per cent, mainly due to the global financial meltdown. Then in Q2 2012, Dubai's housing market started to recover, thanks to robust economic growth, the availability of finance and the city's status as a safe haven.
The U.A.E.'s economy grew by 4.8 per cent in 2013, after 4.4 per cent in 2012, 3.9 per cent in 2011, and 1.7 per cent in 2010. The IMF growth forecast for 2014 is 4.5 per cent, or more.
Earlier this month, UK-based Knight Frank said house prices rose 27.7 per cent over the 12 months to March 2014, the fastest pace among the 54 countries tracked by the consultancy's global house price index. However, prices have climbed mere 3.4 per cent in the first quarter 2014, slower than the 9.2 per cent growth registered during the same period last year.
In May, analysts with Standard and Poor's, a global ratings agency, told Emirates 24|7 that residential property prices in Dubai were almost reaching 2008 peak levels, with the market unlikely to see any major price correction in the short term.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai top property market in world prices up 32 Arab Today, arab today dubai top property market in world prices up 32

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai top property market in world prices up 32 Arab Today, arab today dubai top property market in world prices up 32

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday