Amid economic crisis in EU, Dubai residential market at a high
PTI: Dubai, Jan 28 2013, 10:50 IST
enquiries pushed demand and prices up by 7 per cent for apartments and 5 per cent for villas in Q4 2012.
In terms of supply and demand, Dubai is still benefiting from the Euro crisis and the Arab Spring as people seek stability and better economic conditions.
Indicative of the strength of the market, the take-up time of advertised units has declined steadily over the year. In contrast to the residential market, the commercial market saw little movement during 2012.
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