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Dubai real estate investments cross $56m
20 Nov 2008
Findings from a study by information services provider Reidin.com revealed that the value of waterfront development projects in Dubai are expected to be more than $500 million within the next five years.
Palm Deira, Palm Jumeirah and Palm Jebel Ali are among the most recognisable developments in the world and promise a range of business opportunities for both regional and international, said the firm.
Ahmet Kayhan, chief executive officer of Reidin.com, said: "Dubai remains one of the most attractive destinations for investors from all over the world with over 158 billion AED invested since the beginning of 2008 till date, in comparison to total investments of 151 billion AED last year."
He added that the statistics should help potential investors and industry players to have a more informed view of the real estate sector as a whole.
Reidin.com launched its Dubaifocus online tool earlier in the year.
Source: Adfero
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