Investor Alert: Property price increase in coming months, says Dubai billionaire
Few places can compete Dubai in terms of investment opportunities: Al Habtoor
By Staff Emirates 24/7 News
Published Tuesday, August 09, 2016
Dubai offers smart long-term investments and there are very few places in the world which can be compared to what the emirate offers to investors, according to a Dubai-based billionaire.
“Dubai offers smart long-term investments. We are a forward-thinking nation. Very few places in the world have an investment climate comparable to that of the United Arab Emirates, recognised internationally for its phenomenal performance in a range of areas, and having constant and steady growth,” Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group, said in a media statement.
He reaffirmed that Dubai is a safe haven for investors and forecast an increase in property prices in the coming months due to heightened demand for landmark projects in the city.
“I strongly believe in the UAE real estate market. Our real estate portfolio is growing significantly with upcoming developments that include the Residence Collection at Al Habtoor City, which will introduce more than 1,400 apartments and penthouses, as well as the villas at the Al Habtoor Polo Resort and Club.
“These are very exciting times ahead and we are expected to see the price per square foot increase in the coming months real estate in prime locations in the UAE” Al Habtoor concluded.
Al Habtoor underlined that in order to protect the sterling reputation of the UAE, and to sustain investor’s appetite for the local market, the government must set in place precautionary regulations to monitor any violations of investment promotions or marketing practices in the real estate sector.
“We should be confident in our market, because what we offer cannot be matched around the world. We have the outstanding infrastructure, amenities, safety, stability, and a strategic location that will guarantee investors long-term returns,” he said.
The Al Habtoor Group reported earlier this year that the value of the company’s investments and expansion initiatives in Dubai currently stands at Dh12.5 billion.
The group also stated a jump in revenue at its real estate portfolio of nearly five per cent for the first nine months of the previous year.