2013 Residential Rental Hot spots in Dubai

Dubai real estate has regained its status of fast progressing and profitable industry in the region. The Q1 market report of residential real estate sector display high efficiency. Positive economic activities improve real estate developers and investors confidence to start new projects all over the UAE. Dubai is known as safe-haven in Middle Eastern region due to its lowest crime rate and stable political conditions. Such favorable economical and political conditions efficiently drag attention of wealthy and middle-class individual from neighboring regions of Asia and Europe. As more foreigners stared considering Dubai to live, work and business directly increases demand of residential and commercial real estate across the emirate. Higher demands for rental and for sale properties also increase asset prices and rents. According to recent rent index update by RERA for year 2013, specific Dubai communities and apartment projects are showing exceptional rise in rent rate.

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