Dubai property market will begin recovery in 2012

 International real estate specialist, Cluttons, has valiantly announced that they predict the Dubai property market to make its recovery in 2012 with a “brisk” start to the year.

 

The company is so assertive in their prediction that they have employed 10 new employees to handle the demand for January 2012.

Their audacious position is surprising as the Eurozone appears to worsen with each passing day. However, with talks of the Euro crumbling, certain analysts believe the outcome will lean to the positive. According to Cluttons, the high-end residential sector has actually benefited from the capital shifts that resulted as a consequence of the Arab spring and hence Dubai will end on a positive note in 2011.

From a realistic point of view, Dubai does not have much to lose from the political turmoil in the region, or the status of the Eurozone debt crisis and the continued weakness of the global economy. In fact Dubai has much to gain, as the metropolis is a captivating market with significant attributes only the UAE has to offer and none of the troubles currently afflicting the surrounding region.

Cluttons also said that due to the flexibility of landlords and tenants, Dubai has developed into a more mature market.