House prices in Dubai 25% below their 2008 peak

30.09.2015
New report by Financial Times confirmed high investment attractiveness of Dubai real estate.

According to a report made by the reputable international print media The Financial Times, property prices in Dubai, despite their fantastic rise in 2014, are still 25% below their peak of 2008.

Laws loyal enough to the foreign investments and the transparency of regulations make Dubai one of the most attractive regions in the world for real estate investments, the report by Financial Times says.

This optimistic outlook is confirmed by the tourist industry, the volume of which has increased by 9% in six months of 2015, according to the latest official statistics. Dubai Tourism and Commerce Authority (DTCM) revealed that the total number of tourists visiting the emirate during the first six months of 2015 has reached 7 million. Safety and comfort — these are the two most important factors that, according to the Financial Times, attract not only tourists, but also investors to the emirate.

Ziad El Chaar, Managing Director said: "Everything coming out of Dubai points towards a market conducive to future growth, in a safe and well regulated environment. Despite short term fluctuations in pricing, we are still seeing healthy investment flows into the market, and the tourism increases give further weight to the predications that Dubai is on the right path."

He added: "The increasing number of visitors to Dubai is also a strong indicator about the city's appeal to people from all over the world. With the numbers growing year after year, the hospitality sector in Dubai, and the real estate industry in general, will see a huge boost."

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