Real estate investments in Dubai exceed Dh158bn in 2008

Real estate investments in Dubai has exceeded Dh158bn so far this year, Gulfnews report. This estimate is based on sales reports, leasing and mortgage transactions, and shows that Dubai remains one of the worlds most attractive destinations for investors, according to Ahmet Kayhan, CEO of REIDIN.com.

Reports presented at the Urban Waterfront conference predict the global market value of waterfront developments will reach $500 billion the next five years. Being home of three Palm projects, Waterfront and The World, Dubai is set to be one of the most active in waterfront developments.

Dubai attract property investors from all over the world, with investors from India, Russia, Saudi Arabia, UK, Oman, Iran, Canada, Bahran and Kuwait currently on top.

REIDIN/Gulfnews/UAERush

Further Reading

« Meraas reviews $95bn Jumeirah Gardens | Ajman plans to establish regulator on the lines of RERA »