Golfing properties thrive in Dubai

Investments in Dubai golfing properties are on the rise as developers are keen to cash in on demand, writes Muzaffar Rizvi.

By Muzaffar Rizvi (business News Editor)

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Published: Tue 24 Feb 2015, 5:06 PM

Last updated: Thu 25 Jun 2015, 11:57 PM

Golf property. Supplied photo

Dubai: Real estate in Dubai staged a strong rebound two years back and the premier developers announced a slew of residential and commercial projects with different themes and ideas to cash in on the growing interests of global investors and individual buyers in the industry.

The most popular theme, which gained momentum in the past couple of years, is 'golf property' that is considered an instant success in today's competitive market. The concept is not new for the emirate as it already had prestigious residential golf communities, offering a wide range of world-class facilities.

Today, investments in golfing properties are on the rise as the developers across the world have announced projects whether near existing courses or on new developments, with demand often outstripping the number of available properties.

Golfing properties concept is also shaping up in Dubai due to its growing demand in line with leading international trend setting markets like the United States and Europe, which have about 22,000 golf courses. Out of 16,300 courses in the US, more than 2,000 are around residential properties.

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