Property in the UAE and Dubai

The fascinating thing about the property market in the UAE is that in spite of the rest of the world reeling under the strain of the credit crunch, mortgage market meltdown, inflation pressures and currency problems, the UAE and Dubai real estate markets are not just surviving, they are thriving!

The reason for the current buoyancy in the UAE is largely down to the fact that local investors are reining in their overseas ventures because of the above list of issues and they are focusing significantly on investments in their own backyard.  So property in the UAE and in Dubai in particular is doing quite nicely thank you out of the fact that interest in the region is certainly not abating.

Further boosting the successes of the markets in the likes of Abu Dhabi, Dubai, Ras al-Khaimah and Ajman is the rate at which tourism in the UAE is increasing as well as the rate at which international businesses are expanding in or relocating to the region. 

The rate at which the population is expanding in the UAE is fascinating, but more fascinating is the fact that this population expansion is not expected to slow down any time soon.  This has put a strain on the housing supply in Dubai already and it has meant that although the likes of Ajman and Ras al-Khaimah are stand alone emirates with an appeal all of their own, they have inevitably become spill over districts for many who work in Dubai and who want affordable accommodation within reach of the emirate and city of the same name.

The Emirates Highway now links these destinations effortlessly in much reduced commute times, and the prices for real estate in emirates other than Dubai are generally significantly cheaper.  Naturally this has led many to dub the likes of Ajman suburbs of Dubai but that is unfair.  Abu Dhabi, Ras al-Khaimah and to a lesser extent Ajman all have strong and expanding economies of their own.  Each has a diversified economy as well which has moved away from dependence on oil.  Each also has a tourism market…

These facts mean each emirate can offer strong economies, sustainable economic expansion, strong population growth, developing tourism economic revenue and rising tourism numbers – therefore each emirate is worth closer inspection by would-be property investors.

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