UAE has seen an unparalleled boom in its Dubai real state sector and has been an epicenter for property investment in the entire GCC region. One of the most competitive countries in the world, UAE is widely known as a business haven owing to its business-friendly atmosphere and laws. The key factors to have catapulted UAE’s property market to the current soaring heights are influx of expatriates, thriving tourist industry, and proactive government policies.
Of all the emirates of UAE,
Despite quite a good deal of supply, office space is still facing shortage in
The struggles to undo the demand/supply mismatch are afoot throughout UAE and newer development projects are being initiated. Moreover, governments are drafting legislations that are more business-friendly in order to boost investors’ confidence in the market. Granting foreigners the right to own property in many of UAE’s emirates has also contributed to building up investors’ confidence in the region.