Dubai Real Estate Gaining the Momentum back

There have been some ups and downs during the past decade or so throughout the world in business and economics. Some countries that showed great promise in the mid of 2000’s were not able to sustain their economic performances when the tough times came and some countries that were seen as the major business centers of the world had to face some serious problems during the recession. But one country that kept the eyes fixed on it was the UAE and the only thing that kept the global investor looking towards it was Dubai real estate business. Though there were times when this industry for some months stopped reaping dividends for the investors but in a very short span of time, it returned to the peak.

Even during the tough times of the international market and the downfall of the realty business, the Dubai City produced some of the most splendid architectural wonders that remain unmatched even today. Projects like Dubai Marina, the Palm Jumeirah Islands, World Islands, Downtown Dubai and the Burj Khalifa stand unparalleled today among the property wonders of the world. The administration of the city was able to attract the businessmen to the city by conducting festivals in the city like the Dubai Shopping Festival and also holding of events like Desert Safari Rally, Formula 1 races, Cricket matches, Football matches and this has kept the tourism alive in the city.

This tourism kept the Dubai economy flourishing and it can be safely said that it was the vision to develop tourism in the city that saved the day for Dubai because the tourist attractions that were developed in the city never lost their charm in the eyes of the tourists. Now as the recession is over and the real estate business has gained the lost momentum again, the business in the city is thriving again. If we take a look at the report on Dubai property by Bayut.com on HoustonChronicle published on Saturday the apartments for rent in Dubai are working like a magnet for the investors and the expats causing the realty market to boom and charming more and more businessmen to come here and invest in this City of Gold.