The price-raising pace in Dubai in 2012
The price-raising pace in Dubai in 2012 is noticed as world record.
According to figures published in the overview of 42 cities of the world, which was made by Global Property Guide organization, real estate prices in Dubai during the period from 1 quarter 2012 to 1 quarter 2013 were raising at the rapidest rate in the world.
Global Property Guide published real estate prices overview in 2012 studying markets of 42 biggest cities in the world. They have committed that the highest real estate price raise was in Dubai and it did not stop until the 1 quarter 2013. During the period of 1 quarter 2013, this tendency was committed by these researches, but there are the same tendencies out of these researches.
Global Property Guide is specialized on analysis of real estate prices in the world market and has noticed in its report real estate prices growth in Dubai, which is more than 28% against 1% recession, noticed in the previous research.
These researches let understand that real estate prices recession times are in the past. The maximal prices' recession got back real estate market to its prior to the crisis points and show positive increase.
Besides, stability of the economic, positive geopolitical environment and congenial investment climate are noticed in UAE in spite of the fact that leaving in the historical past of the world economic crisis influence on price increasing in Dubai.
All these factors have a good influence on Dubai real estate market which growth was a natural reaction on economic stability and sponsorship for consumers and investors.
In this year, analytics forecast real estate prices growth together with economic increase expectations and with gross domestic product growth. All this will let refer Dubai real estate to the top five of the most effective investments in the world real estate market.