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in Dubai may have faced a downfall in the past several years as an effect of the global recession. But the City of Gold has since turned its fortunes around and is geared toward more growth in the coming quarters. And when it comes to making a Dubai investment, real estate is seen as one of the most favourable markets to place your money in.
Keeping in view to the technicality of the question I would like to elucidate that there is no complete country in Middle East suitable as a whole for real estate investment but, there are cities in these countries which can be selected as good destinations for property investment.
These cities carry the whole countries’ concept as their trend rises to the neighboring cities and, the countries property regulations and the tax reforms are made based on the property market situation in these emerging cities.
Currently, cities like Amman in Jordan and Cairo including New Cairo in Egypt are appealing as the present regimes in Jordan and Egypt are restructuring their real estate sector and moving ahead but, the top notch place for real estate investment in Middle East is, no doubt, Dubai, UAE.
Since November the day Dubai, UAE won the right to host World Expo -- it has become a world city, an international business center, a recognized regional hub and a safe haven of the world -- for all the business communities worldwide.
Now this impact is flowing out and the neighboring city Abu Dhabi, which is capital of UAE is following the trend and apparently the things are breaking out in other five emirates of the country also.
In Dubai was expecting around million visitors every year but now this number has improved and reached million and this indicates a great popularity and success for Dubai.
Keeping in view to the promising outlook, Dubai Land Department has made extensive investments in infrastructure development and spends a massive Dhs Billion on properties across Dubai, just in.
In a recently released report, Dubai Land Department has revealed that during only first half of,, investors from countries have invested enormous billion Dhs in Dubai’s real estate market. And this number is more than, many a whole countries’ real estate investment, in Middle East, during this first half.
I speculate, not only for now but for a very long time, Dubai is an ultimate location for a juicy real estate investment.
i believe in UAE ,especially Dubai , Fluctuations of the market makes it a rare opportunity to capture a opportunities
Best country for real estate investment in the Middle East in the near and long-term is the Saudi Arabian population growth at an average annual 2.73% and religious tourism in addition to the market need for the residential and commercial sector
the huge number of population and demand today is in saudi arabia western region jeddah and makkah and madinah non sleeping city 24/7 working pepole from all around the world list it muslim pepole for islamic tourist and non muslim for business in gulf region its the biggest market now for development is saudi arabia western region
Since the down turn in 2008 UAE Market has had its correction and has been booming since then. The increment in tourism and corporate jobs since then has brought a lot of genuine buyers which has made the real estate market very attractive for the world consumers. UAE is welcoming the world consumers with open arms and the development has been rapid. The upcoming projects in JVC, JVT, HCC, Furjan and many other upcoming areas in Dubai are being bought up rapidly by genuine buyers either for investment purpose or living. Other then Dubai the other regions such as Umm al Quain and Ajman have also started development and many investors are seen to be keen to invest in those region as well.
Saudi Arabia indeed, reasons many but most important one is the new legislation of real estate.
I still believe in Welanetz statement about its statement on Dubai. Dubai's attraction (especially tourist) makes it offer a world-class business environment and infrastructure that is unmatched anywhere else in the Middle East. said by Welanetz.
The lifestyle available in Dubai through second home ownership is also a significant attraction for Middle East investors. Moreover, Dubai has become a world leader in pioneering new concepts and high end retail, hospitality and residential developments.
First priority would be Oman and at second Iran. and the best target would be iraq and other countries facing internal problems only if they gotten resolved because massive fighting left debris every where which need to be rebuild. Hence golden opportunity of construction business.
It is well known that Saudi Arabia is the top market right now particularly in military and government projects.
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