Dubai’s property market which returned to growth earlier this year, continues its upward climb with the villa market continuing to outperform the apartment sector in the third quarter, most analysts and reports say.
The recent figures from Dubai Economic Department (DED) state that Dh22 billion of foreign investment has been injected into the real estate sector in the first half of 2012 alone, with Indian, Pakistani, Iranian and Russian investors dominating the scene.
“The Dubai residential market will remain fragmented during the final quarter and into 2013 with mixed patterns of growth and decline still apparent depending on the location and product,” says Matthew Green, Head of Research & Consultancy, UAE Middle East Research, CBRE. “Rental rates now appear to be fixed on an upward curve in the majority of sub-markets although for many districts and secondary locations, these increases remain modest at this stage.”
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