After a long pause, we are seeing a lot of growth in Dubai real estate market bringing investors to take over stalled projects. The improvement in Dubai property market brings back investors to take over sick projects and nurse them back to health.
There is a positive improvement in Dubai Real Estate market from past year bringing new investors from different countries. Now the rents are increasing and property values are going high. The stalled projects also see improvements that were caught out by the downturn.
According to sources, more than 50 percent of the stalled projects have gone through the transition. Most of the projects are started with old developers and some are taken over by new investors.
It is expected that 2015 will be more positive as we grew closer to Dubai Expo 2020. The World Island project, which was halted earlier, has now seen new developments. The Heart of Europe project is already started and scheduled to be completed in 2016.
Nakheel has also announced new projects including 1000 villas in Nad Al Sheba. Nakheel is owned by Dubai Government. Nakheel is also paying off its AED 7.9 billion bank debt four years earlier. It is due to 54 percent surge in profits.
Many investors are looking for profitable projects that will yield good returns
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