Damac Reports Strong Growth In Dubai Real EstateMonday, August 13, 2012
According to reports issued by Damac, Dubai property market has experienced a 5.6% increase in the serviced apartment section over the last six months. The developer has further revealed that they are experiencing greater interest of known investors from India, Russia, and Saudi Arab in Dubai properties and they find the local market quite sound and stable for investment.
As per reports issued by Knight Frank, there is a surge in state’s luxury properties. This rising value of real estate has earned Dubai 12th spot among the 27 international real estate markets. Damac reckons that the demand of luxury-serviced apartments in Dubai has increased during the recent months, as clients want the best designs and quality finish. The developer strongly believes that the investors are regaining their confidence in Dubai’s realty market and are keen to invest in some great projects. They believe that this trend is likely to last throughout the year 2013.