Wednesday, 12 August 2015

Dubai property market defies expectations

Summary: Analysts had predicted a 20% decline in growth in the first half of 2015.

Dubai  property market has stunned analysts who predicted a 20% decline with a growth rate of 2.5% for the first half of 2015.

Figures from Al Ruwad Real Estate Consultants show that Dubai’s property market has succeeded, in part, because of the increase in affordable housing. The market has been kept active by developers targeting limited-income families.