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- Growth of Dubai’s secondary property market due to European investors and approval of a 3-year Courts plan by DIFC
Dubai’s secondary property market is growing due to European investors.
From February to March, prices for secondary real estate market rise up by 15% as demand exceeded supply. The largest number of investors from such countries as:
- France
- Germany
- Italy
- UK
TOP areas for sales:
- Downtown
- Dubai Creek
- Dubai Marina
- Palm Jumeirah
The Dubai Government has approved $1.7 billion residential package.
This includes housing and land allotments for 4,610 Dubai citizens. It's part of the Emirate's housing program.
Financial centre, DIFC, approved a 3-year Courts plan.
The goal is to bolster Dubai's position as a global business and financial centre. The plan consists of 28 projects, including the creation of:
- Digital economy court
- Online courts
- Departments for intellectual property rights
- Deposit centre, etc.
Sources: Zawya, The National News, Arabian Business
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