June 24, 2012 3:55 by Priyanka Pradhan
A new survey by Friends Provident International has revealed that real estate is re-emerging in Dubai and investors are returning to the ailing sector. However, other news of debt-ridden Dubai developer, Nakheel, draining swimming pools over a service fee dispute with owners in the esteemed Palm Villas property, throws a wet blanket over the survey’s sunny disposition.
This new survey is part of the steady stream of reports and insights that speak of Dubai’s real estate resurrection. Last week, the Oxford Business Group (OBG) also claimed that the Dubai’s residential sector has “posted solid growth over the past few months.” The recent merger between the two real estate heavyweights, Aldar and Sorouh might also have injected some confidence in industry watchers, as has the report showing profits posted by Nakheel in Q1 of 2012.
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ReplyDeleteReal estate is the process of determining a value for the property. It has a current and future income stream that must be factored in to the sales price. Buyers and sellers will hire a professional valuation expert to set a price for the property. Thanks a lot....
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