Dubai Real Estate Market Unperturbed by Global Economic Crisis

USA (SANEPR.com) November 20, 2008 -- Online property news and reviews site www.estatesdubai.com is optimistic about the Dubai real estate market remaining stable despite uncertainties in the global economic scene. With recession and unemployment taking its toll on purchasing power and consumerism going to unprecedented lows, there are still great possibilities in buying and selling properties in Dubai according to the site. Mahindra Dey, spokesperson of Estates Dubai declares, “Recent global changes have had very little effect on the Dubai real estate scene where developments are underway and the business environment guarantees a steady market for Dubai properties”.

One of the sources of optimism is the government backing of financial institutions. As banks regain and retain stability through favorable regulations, they are less worried in financing real estate related investing and lending. As banks gain confidence in the way real estate trends are going, mortgage rates are made more favorable to borrowers and investors. With the improved liquidity levels of banks brought about by government support that translates to renewed public confidence, potential investors are afforded better terms by these banking institutions. Mag Property Development Company chief Mohammed Nimer believes “with the government’s readiness to consider the interests of developers and investors alike, the stability of the sector is assured”.

As prices become constant and fluctuations ease, investors will be more eager to buy and banks will be more willing to support the former’s funding requirements. With close monitoring by the Real Estate Regulatory Authority, the stability is further ensured.

Experts agree the Dubai real estate market will withstand global economic challenges and remain stable. Cliff Kelaita of Landmark Properties say, “The Dubai real estate market remains resilient and will withstand economic downturns”. Results of a survey conducted by the Worldwide Property Show collaborate Cliff’s claim, as 40% of respondents declared that they still believe now is a good a time as ever to make real estate investments and purchases in Dubai.

These and other relevant market trends and insights can be readily found at www.estatesdubai.com. The site is a reliable resource center for real estate news, reviews, market updates and analyses. It is the ideal online gathering place for sellers and investors alike. Almost 1,500 readers subscribe to the estatesdubai.com online newsletter for up-to-date information on the Dubai real estate scene.

www.estatesdubai.com provides information on property prices, mortgages, new developments, market trends, buyer and seller updates, rentals and leases, and even financial analyses. The site provides links to other property search and investment sites. If it is about Dubai real estate, it can be found in www.estatesdubai.com. Its online buying and selling assistance connects investors to real estate professionals specializing on the projects the investors have in mind.

Inquiries or commentaries about the Dubai property scene can be emailed to info@estatesdubai.com. Contact also Mahindra Dey, spokesperson for Estates dubai at +97141852315.

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