gcc investors to keep faith in dubai real estate market
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

GCC investors to keep faith in Dubai real estate market

Arab Today, arab today

Arab Today, arab today GCC investors to keep faith in Dubai real estate market

Dubai Real Estate
Muscat - Arab Today

Investors from Oman and the other GCC countries will continue to put their faith in Dubai real estate in 2017 because the emirate’s property market has a proven reputation for delivering long-term benefits, according to a developer.

Okbah Abdulkarim, chief operating officer of Artar Real Estate Development, said Dubai’s status as a safe haven for real estate investors remains intact and major developments driving the economy are building investors’ interest, particularly GCC investors. 

The Dubai Land Department has reported that, outside of the UAE, the biggest volume of investment from the GCC countries in Dubai’s real estate last year came from Saudi Arabia, with 3,294 investors making transactions worth DH8 billion.

Investors from Qatar and Kuwait each invested almost DH2 billion, coming from 1,006 and 770 investors, respectively, followed by 301 nationals from Oman and 244 from Bahrain investing DH1 billion each in Dubai real estate.

“Many GCC investors still see Dubai as a desirable city to visit because it’s close by, there are shared religious and cultural values and a superb lifestyle here,” said Abdulkarim, currently overseeing Artar’sMada Residences tower in Downtown Dubai.

“There’s a lot of diversification in the investment opportunities here in Dubai and it’s a city that GCC nationals know well, and trust.”

The Dubai real estate market made a strong start in 2017, with the Dubai Land Department confirming transactions worth DH30 billion for the month of January.

Added Abdulkarim: “Dubai has built protection from negative economic effects by creating an infrastructure for business, investment and living, and by promoting all this to a worldwide audience over the last 20 years or more. It is still regarded as a city where residential property provides long-term financial security.”

Artar said the biggest real investment will continue to happen, as in 2016, in prime locations like Downtown Dubai, where Mada Residences will be completed on schedule by the second quarter of 2018 close to the world’s tallest building, the BurjKhalifa.

“More and more investors these days are focused on recreation and prefer locations which allow people to walk rather than having to drive everywhere and find parking,” says Abdulkarim. “Areas like Downtown are the most popular because there are so many attractions close at hand, and Dubai’s weather is perfect for walking seven months of the year.”

With 193 larger than average 1, 2, 3 and 4 bedroom luxury apartments, Mada Residences is a one-minute walk from the new Dubai Mall extension and within easy reach of other major attractions such as the Dubai Opera.

Source :Times Of Oman

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*

gcc investors to keep faith in dubai real estate market gcc investors to keep faith in dubai real estate market

 



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*

gcc investors to keep faith in dubai real estate market gcc investors to keep faith in dubai real estate market

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 04:59 2018 Thursday ,11 January

France urges more German investment to boost EU

GMT 15:10 2014 Thursday ,27 February

Versace to sell 20% stake to Blackstone of US

GMT 23:15 2011 Thursday ,10 March

Libya regime treating journalists like idiots

GMT 21:45 2016 Monday ,12 September

Iraqi forces foil 2 armed attacks in Ninawa, Anbar

GMT 06:29 2017 Friday ,22 December

HRH Crown Prince congratulates Saudi leader

GMT 22:55 2017 Wednesday ,09 August

Jordanian Premier heads to Morocco

GMT 04:47 2017 Thursday ,06 April

Gold prices slip from one-month high

GMT 03:09 2018 Sunday ,21 January

Second face transplant for Frenchman

GMT 10:22 2013 Friday ,01 November

Accolades for Opel Brand Ambassadors from Music Scene

GMT 23:53 2017 Wednesday ,20 December

Thousands join global protests

GMT 13:04 2017 Friday ,15 December

Khalid Yussef expects success of "Karma"

GMT 07:40 2017 Saturday ,25 February

Twin suicide attacks on bases in Syria's Homs kill 14

GMT 07:15 2017 Tuesday ,04 April

Britain's May begins Mideast trip

GMT 02:01 2017 Sunday ,01 October

August24th-September23rd

GMT 05:34 2017 Thursday ,13 April

British unemployment holds near 41-year low

GMT 16:19 2017 Thursday ,07 December

No VAT on loans, ATM services, says Saudi tax authority
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday