Background on Dubaiís Development
Dubaiís property market, for years has been controlled by three master developers. Emaar, Nakheel and Dubai Properties who are all owned to some degree by the Government, will provide around 50% of all completed projects over the next 4 years.
Over the last few years a large number on non Government investors have moved into the Dubai Property market. This is mainly as a result of the Master Developers selling or leasing land for third-party development. One of the largest foreign investors is Damac, they have been responsible for developing iconic projects such as Damac Heights, Ocean Heights and XL Tower. This new breed of developer is targeting the luxury segment of the market in Dubai.
With the costs of constructing rising in Dubai and much larger supply, developers now have a much higher focus on quality as buyers are now more demanding and expect very high standards. Buyers can also now be swayed with more sophisticated financial options and the facilities to arrange up to 70% mortgages. Developers can no longer afford to risk a build now Ė sell later strategy, this means there has to be far more emphasis on market studies, cost analysis and aggressive marketing campaigns to ensure that a development is a success.
Here at Vista Dubai we specialise in maximising your properties exposure to the buying market, and with our risk analysis team we will help you through every stage of your development.