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Dubai sees a rise in expat property owners

Posted on 09 April 2013

There has been a rise in the number of expat property owners buying real estate for themselves in Dubai. More expats are becoming home-occupier purchasers in Dubai. There has been more 100-plus% increase in the last four years. This is due to the improving job market in the UAE encouraging homebuyers to stay.
Dubai-based property consultancy firm Unitas Consultancy revealed there has been a rise in the number of expats buying property rather than renting. Sameer Lakhani, Managing Director of Unitas Consultancy, said: “The growth of end-users indicates the maturing of Dubai real estate market as comparable to other international cities.”……………………………………….Full Article: Source


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