Friday, 27 June 2014

The scenario of real estate companies in Dubai

For long, one had imagined that Dubai, as a tourist destination and new-age venue of economic wealth, would be invulnerable. But the financial crash of the year 2008 had belied everyone’s hopes and speculative expectations. This was the time, when real estate, one of the most robust segments of the city, declined to almost rock bottom levels. Indeed, investors started to panic and began to pull out of the city and started developing neighboring emirates like Abu Dhabi and so on. But how have the real estate companies in Dubai actually fared, nearly 6 years, after the recession? That needs to be known.

End of speculation to rent Dubai property-