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Dubai is acknowledged for its remarkable development in real estate. Apparently, it seems that Dubai is not relying fully on its oil reserves. Instead, heedfulness towards real estate is likely to be paid in longer run.
Dubai real estate was also a victim of economic crunch in 2008, with property prices impaired to alarming levels. However, Dubai encountered the recessional hit with a reasonable approach. By injecting continuous endeavours, the market has experienced remarkable recovery in 2012, as apprehended by Bayut.com- a renowned property portal of UAE.
Bayut.com notes the rental hikes of 16.5% in the first two months of 2013 in contrast to the property rentals in first quarter of 2012. This increase is likely to enable the investors to secure more return on their real estate investments. Nevertheless, these flourishing trends are not restricted to rental hikes merely. The property portal also notes that the property for sale in Dubai has also experienced noticeable upward trends. The estimated prices of Dubai apartments have ameliorated by almost 30% in the first two months of 2013 in contrast to the respective values in Q1 of 2012.