|Dubai's property market will grow at a steadier and more stable pace over the next year, providing solid investment opportunities for the savvy investor, says leading executives in the industry.
Independent reports have put the growth in prices of real estate in Dubai through 2012 at anywhere from 7-19 percent, depending on location and the quality of the project. Ziad Al Chaar, DAMAC Properties Managing Director, says that growth is sustainable in the near future, if you know where to look: "2012 has delivered on our predictions at the start of the year - prices in the Dubai market steadily grew with each quarter outperforming the last. In 2013 buyers will definitely be able to benefit from this capital growth, but will need to be very savvy about where they invest and in which projects in each area." (Press Release)