Dubai Real Estate Report 2007
This week, MEED has released Dubai Real Estate Report 2007. The report provides a deeper insight into the supply-demand equation in Dubai’s fast expanding real estate sector. It is a valuable tool for business houses and individuals associated with construction, investment and real estate segments of Dubai economy.
MEED has conducted the research in conjunction with external real estate experts. It took about 2 years to conduct the required real estate surveys and studies to arrive at the comprehensive report. Among other sources, it has derived data from prominent real estate developers and their growth plans and also from government setups working for Dubai real estate sector.
Highlights of MEED Real Estate Report 2007:o A storehouse of accurate data on demand-supply trends in Dubai real estate market.o Detailed assessment of the real estate dynamics in Dubai.o An account of each of the economic factors that will have an impact on Dubai real estate in future.
The report testifies Dubai’s real estate boom in the last few years. It also predicts that the real estate industry is going to be a major factor behind Dubai’s economic development until at least 2010.
A few pointers from MEED Real Estate Report 2007:o Dubai economy has been one of the best economies in the Gulf that has shown a considerable growth in the last five years, largely due to the property sector.o Real estate businesses have witnessed an average growth of 25 percent per annum over the last few years. Government backed developers such as Nakheel, Dubai Properties and Emaar Properties have been largely responsible for this.o Since 2001, real estate construction has increased on an average by 32.7 percent per annum.o Last year, real estate construction made about 12.7 percent of the total GDP.o 75 percent of Dubai’s planned projects in the coming decade will be related to the real estate sector.o Although, 175,000 new residential units will be available by 2010, the demand will still outstrip supply.o Over the next decade, the value of real estate projects under development will amount to approximately 230,000 million dollars.
So at least in near future, Dubai real estate will play a crucial role in Dubai’s growth into a world city.
MEED has conducted the research in conjunction with external real estate experts. It took about 2 years to conduct the required real estate surveys and studies to arrive at the comprehensive report. Among other sources, it has derived data from prominent real estate developers and their growth plans and also from government setups working for Dubai real estate sector.
Highlights of MEED Real Estate Report 2007:o A storehouse of accurate data on demand-supply trends in Dubai real estate market.o Detailed assessment of the real estate dynamics in Dubai.o An account of each of the economic factors that will have an impact on Dubai real estate in future.
The report testifies Dubai’s real estate boom in the last few years. It also predicts that the real estate industry is going to be a major factor behind Dubai’s economic development until at least 2010.
A few pointers from MEED Real Estate Report 2007:o Dubai economy has been one of the best economies in the Gulf that has shown a considerable growth in the last five years, largely due to the property sector.o Real estate businesses have witnessed an average growth of 25 percent per annum over the last few years. Government backed developers such as Nakheel, Dubai Properties and Emaar Properties have been largely responsible for this.o Since 2001, real estate construction has increased on an average by 32.7 percent per annum.o Last year, real estate construction made about 12.7 percent of the total GDP.o 75 percent of Dubai’s planned projects in the coming decade will be related to the real estate sector.o Although, 175,000 new residential units will be available by 2010, the demand will still outstrip supply.o Over the next decade, the value of real estate projects under development will amount to approximately 230,000 million dollars.
So at least in near future, Dubai real estate will play a crucial role in Dubai’s growth into a world city.
posted by Property Reporter at
10:44 PM
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