Dubai is a superb city to live in the Arab Emirates as it ensures all its residents belonging to different cultures to live in great peace and harmony. It is one of the fastest growing cities in terms of increasing immigration rates. This is basically due to the quality of life and luxurious accommodation it provides to its residents besides a welcoming and safe environment. This provides a great opportunity to the Dubai estate agents and investors to invest in its real estate sector. For the last 2 or 3 years Dubai remained robust in terms of population due to economic recession. This resulted in a biggest hit to Dubai real estate sector and Dubai rental businesses also suffered by the sharp decline in rental prices due to mismatch between demand and supply of Dubai real estates.
It is a prediction that rental business of Dubai properties is expected to increase in the New Year eve 2011. The people who are followers of this prediction are of the view that Dubai rental market showed the signs of stabilization in some areas of Dubai in the year 2010. This was basically due to the balanced demand with supply and this increase in demand in some areas was due to the better condition and provision of quality amenities in the apartments or houses besides a little increase in job stability. After stabilization of rental prices in some areas in 2010, the rental market is expected to recover on the New Year 2011 as a large number of projects are on the pipeline and are expected to start in the New Year. Besides that, government will make investments in new projects which will open up employment opportunities in Dubai.It is said that Qatar government will invest in infrastructure development projects in the near future and Dubai properties is expected to get a good share of it. In addition to this, Government will create employment opportunities by mobilizing its funds. The followers of this prediction say that creation of employment opportunities will bring foreign nationals from all around the globe to Dubai. When they will settle in Dubai, need for the houses, apartment and villas on rent will also increase. The increased demand will result in an increase in the rental business in the coming year 2011 deriving the rental prices up in Dubai and UAE real estate markets.This is just the one side of the issue. Some people predict the rental prices to remain in pressure in the New Year eve as over supply is still a major problem haunting the Dubai real estate sector badly. A latest research has also revealed that the continued oversupply in Dubai will see rents falling by 20% in 2011. Then obviously how can decrease in profit margins, increase the rental business in the coming year. However, it is really very much difficult to pre dict the exact future of rental market in Dubai on the New Year. Dubai economy is recovering slowing so, it will take some time to see a significant increase in the Dubai property rental business because first the growing demand will be accommodated by the over supply and then the question of increase in prices and rents can be expected.
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