UAE Annual Real Estate Profits Range Between 8-14 pc

DUBAI — Annual real estate profits in the UAE range between 8 to 14 per cent, as compared to 4 per cent in other markets, said Eng. Khalid Esbaitah, Managing Director and CEO of Al Mazaya Holding. This shows that this market will continue to attract investments for many years to come, he added.

By Staff Report

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Published: Mon 20 Oct 2008, 12:12 AM

Last updated: Sun 5 Apr 2015, 2:20 PM

He further said: "There are three factors that form the major constituents that any successful investment relies on; firstly population growth, individual income second, and third, and most importantly, the solidity of the country's economy to achieve economical growth, liquidity flow and income diversity. UAE has all these three factors".

Esbaitah considered that the current decline in oil prices will not affect the different investment activities, including real estate investments, in the short term. This is because the investment sector has profited greatly from the leap that the oil sector has witnessed during the last while, says a Press release.

About the real estate sector, Esbaitah said: "Gulf and UAE markets, and especially that of Dubai, have a strong economy, high liquidity flow and remarkable growth rates."

He stressed the importance of decisions that RERA has taken in the form of items 8 and 13, which has regulated market activities, attracted foreign investment and increased investors' trust in the real estate sector. He also pointed out that the Government of Dubai's decision to guarantee bank deposits has attracted foreign money and recovered a lot of local capital working outside the country, to be used for projects in the UAE.

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