Yes, there is a credit crisis gripping Dubai. The government and Dubai property investment authorities are far from sitting idle though.
As part of the ongoing DIFC week, the DIFC Forum has put forth some positive developments on the Dubai real estate and property sector. One faction feels that the GCC region should combine forces with the Asian markets, especially with China for a consolidation of resources. The reasoning is sound as both regions are emerging powers in the global economic scene.
Individual property developers too are doing their bit for the national economy. Dubai Holding, one of the bigger developers and recognized voices in Dubai, U.A.E. real estate is one of them. The organization recently announced their debt-free status by paying off $653.4 million of debt.
Yet, they were barely on the heels of the Dubai International Financial Centre’s investments department, which paid off a loan $500 million.
The U.A.E financial market is another indicator of the improving conditions of the Dubai property sale section. The market sailed through Thursday almost entirely on real estate stocks with developers and construction houses like ETISALAT, EMAAR and DFM putting in a fine display.
As you can see, there is no need to give in to panic, especially not if you are in the hands of extremely able Dubai real estate consultants. Do your bit to gauge the market situation and your financial strength and the real estate company in U.A.E. you hire can help you with the rest.
Get in touch with MEREC Dubai if you’d like a trustworthy second opinion.
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1 comment:
Yes, that's the need of the hour. Tough times call for tough actions. The Dubai government has taken a leaf from the rest of the world in helping the real estate sector. Internet blog should have such news as it helps build the confidence of people reading this feel that all is not lost.
www.dubaipropertyinvestment.info
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