The real estate industry of Dubai holds a reasonable position amongst the top-notch property markets of the world, including London, Monaco and Hong Kong. The reasons behind such high stature of Dubai property market are its promising nature and state of the art construction works. The city homes a large array of high-rise buildings that climb high in the skyline of the city and play a vital role in adding to the infrastructure of the emirate of Dubai. The realty sector that experienced a dint during 2008’s recession, started to show notable uptrends in the preceding year. The property experts at Bayut.com, one of the premium Dubai Property portals, witnessed remarkable transactional hikes in the property market of the emirate of Dubai in the past one year. Furthermore, the research conducted by Bayut experts for the first quarter of the current year revealed the fact that footstep of people in the realty market increased in Q1 2013 and a 63% climb in transactions was noted in this quarter in the realty sector.
The positive air in the realty market of Dubai also assisted in revivifying the interest of investors to funnel investment in this sector. In contrast to the increase in property prices, the rental figures have also skyrocketed in various localities. Be it apartments for rent in Discovery Gardens, Palm Jumeirah, Downtown Dubai or other posh localities, the rental prices have increased with the rebirth of the realty industry of Dubai.
Bayut.com also noted an increased footfall on the portal, which is also evident of the upswing in the real estate market of Dubai. The experts hope that the property boom this time would be backed by robust factors, so that the realty market may not crack down again. The positive figures and trends as noted by Bayut.com for various localities in Q1 2013 provide an impression that Dubai property market is likely to flourish in the forthcoming time.
For more information please visit: http://www.bayut.com
This press release is also published on PRLOG: http://www.prlog.org/12154290-bayut-noted-an-upswing-in-dubai-real-estate-sector-in-q1-2013.html