With the development of a sophisticated mortgage market and the ratification of foreign ownership laws, 2006 has been a great year for Dubai property market and has resulted in Dubai’s property market maturing and developing further away from being an unstable emerging entity, as it was a number of years ago to being a strong investment opportunity today.

When property first became available for sale to foreign buyers many were sceptical about whether or not anyone would take up the tentative offer of homes for sale to overseas buyers in an emirate where there was little employment opportunity and even less lifestyle attraction. However, as is always the case in Dubai this stalemate situation did not last for very long!

Tags: Dubai Property, Property Market

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