The volume of property sales in Dubai is poised to rise as more global investors, shifting their focus away from markets hit by credit crunch, seek to enter the Gulf markets, a leading global property investment.
Dubai, which registered the greatest improvement in real estate transparency globally over the past two years, is projected to record a 55.2 per cent surge in property deals to hit Dh717 billion in 2008 from Dh462 billion in 2007
With credit crisis hitting real estate markets in the US and Europe, many investors are eyeing Gulf markets, particularly Dubai
Dubai's position as the most transparent of the MENA markets placed it ahead of other emerging economies such as those of the BRIC Markets (Brazil, Russia, India and China).
Better than China, India and most of Russia, Dubai's transparency index score exceeds the other BRIC markets
Transparent markets as those that are open and easier to do business with the components of transparency encompassing transaction processes, the regulatory and legal environment, market fundamentals and performance measurements.
Tuesday, 29 July 2008
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment