Dubai Property Market Predicted to Soar in 2013

15 Feb

A real estate professional, Janet Ibru serves as Executive Manager at CASI Global Investments Corporation in Dubai. Through her firm, Janet Ibru presents investment opportunities to and manages the investments of international clients.

Some global property experts have predicted that Dubai will enjoy one of the world’s leading real estate markets in 2013. Specifically, it has been projected that there will be an increase in the luxury villa market of between five and 10 percent in Dubai neighborhoods such as Palm Jumeirah and Emirates Hills. Researchers report that the market rise derives from an influx of foreign business professionals from the United Kingdom and Asia.

Significant real estate market gains have also been forecasted for elsewhere in the world, particularly in Moscow and Miami. It has been reported that prime residential property values in more than a dozen international cities will increase approximately 2.5 percent in 2013.

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