The real estate in UAE
The real estate market in UAE is characterized by stable demand practically in all its segments, from private villas, built according to client’s wish, to giant shopping centres. The index of fast development of the real estate market and growth of foreign investors involved is the fact that building objects are sold even during the designing process of the project.
Sheikhs strongly decided to make their county the most desired place for traveling and relax of the world’s elite, and their fantasy is endless. Everything what a demanding client can dream about seems already to be in UAE. Or is being build.
For the last five years the real estate in UAE became incredibly attractive for foreign customers. During 2001-2003 property sales agents in UAE managed to involve $5 billion foreign purchasers. The reason — the unique offer of habitation of a de luxe class and a constant rise in prices. Till 2010 property sales agents of the United Arab Emirates expect to sell to foreigners habitation with overall price of $50 billion. By this time, however, in opinion of experts, the building boom there will end and then will come correction of the market.
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