| Real Estate Boom in the Middle East will continue | | | | one, I found it is so high that beyond my reach. |
| for at least another 10 years. Experts view is | | | | While the agents advised that the rent is about |
| that if there is no natural calamities this trend will | | | | AED80,000 to100,000 for a normal mid sized two |
| remain buoyant for the next decade and it will be | | | | bed apartment. In some areas of palm the price |
| difficult to get hotel rooms to residence to live in | | | | per sq. foot residential lands costs about |
| next five years. | | | | AED18,000 or move. |
| As we saw in the last 4 to 5 years the real | | | | This is surprising as 10 years back we saw in |
| estate market in the Middle East, specially in Dubai, | | | | those area only sands and no construction while |
| Abu Dhabi, or adjacent areas have been booming. | | | | now we do not see any place that is empty to |
| There is no end of construction. Due to over | | | | put our feet. Why and how it happened no one |
| construction the supply of building materials | | | | knows. But their were some good initiatives from |
| becomes even scarce. The prices of such | | | | the ruler or the developers who advised to go |
| commodities have gone up. Example cements are | | | | ahead to resell the real estate. Once it was |
| not found, still price is sky rocketing. Builders face | | | | experimented people are lured to buy heavily, so |
| difficulties to hand over their buildings on time and | | | | the price is gone up. American citizen Mr. Donald |
| the cost is so, high that they can seldom make | | | | Trump even put his hand on the Dubai Property |
| any profits. But the demands of new apartments | | | | market. And other celebrities have already bought |
| in some area are so great that it has increased | | | | their own towers and some even put for resale. |
| even 500% to 1000%. Buildings are not | | | | This made the market more upward trend. We |
| completed, yet renting or leasing is done in no | | | | do not know what will happen in the next 10 |
| time. | | | | years from now if this trend sustained. Investors |
| The prices of land and the apartments have gone | | | | may see the feasibilities by themselves before |
| up beyond control. Yesterday I went to check | | | | buying any properties here. Read more... |
| some apartments to have a look inf I could buy | | | | |