Dubai: Real estate sector in Dubai witnessed a considerable amount of increase in the international investors in its real estate market. In the first quarter of this year, there was an increase of 25% in the real estate business. There are many reasons for the investors to get attracted towards Dubai which mainly includes Low oil price, Mortgage rate is low, balance between demand and supply and affordable housing.
Marwan Bin Ghalaita, CEO, Real estate regulatory authority stated that Dubai is growing as a commercial hub and tourist spot and there is great job opportunity here which is automatically attracting a lot of people to invest in residential as well as commercial sector in Dubai.
Developers have been suggested to expand its work according to the demand of the people and construct more affordable housing to provide incentives to both National and International investors. Bin Ghalaita has promised everyone that real estate market in Dubai is in a good shape and this is the right time to invest in Dubai.