Dubai property investment is undergoing a bit of belt-tightening especially where new property proposals are concerned. The trend has already begun, with Nakheel Properties making a definite stance on cutting down on construction projects.
The representatives for Nakheel explained this move saying, “We are witnessing a global negative economic movement, and while we believe that the economic fundamentals of Dubai have not changed, we also believe that we have a responsibility to aid this market maintain healthy momentum.”
Dubai real estate consultants and the U.A.E. property market alike have been treading rough waters ever since developers like Emaar and Damac announced job cuts in their employee ranks. However, given the demand that Dubai property and real estate commands, this situation is bound to improve.
Celebrity endorsements and fashion designers stepping in to conceptualize various sale properties in Dubai are adding their own appeal.
Indian film actor Shah Rukh Khan is the latest in this long line of celebrity designers. After his electrifying Temptations Reloaded 2008 show in Dubai, news that the superstar consented to be the face of a US$2.2 billion development in Ras Al Khaimah filtered out.
Coming back to the pause in Dubai real estate and property development among builders, there is a need for those interested in investing in the same to make a move. A good Dubai real estate company ought to be the best choice to iron out the formalities required.
MEREC Dubai for instance, not only aids builders and developers with project finance and development but also those looking for a Dubai property sale with consultancy services and mortgage options.
Image Courtesy: Flickr
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