30/11/2016
Consistently Growing Economy
When you are investing your money in real estate and especially in an overseas property, you are not only investing in that particular piece of land/ house, you are investing in that country's economy as well. One of the most important things to consider while buying property anywhere in the world is to consider the economic growth of that region and if the graph of economic growth has gone up in recent years, perhaps you should not hesitate much to invest your money.
One of the biggest benefits of buying property in Dubai is that, the economy of this innovative city has been growing at a good pace. While rich in oil Middle Eastern countries and the capital of UAE, Abu Dhabi's economy has suffered the punch of recent oil crises, Dubai has flourished and came out as champion of planning and economic growth in MENA region.
By the time we entered in to the second decade of this century, Dubai had already cut its dependency on oil revenue to a level that today revenue generated from oil is only approximately 5 percent of Dubai's economy. By the beginning of year 2015, Dubai had already become one of the 5astest growing economies in the world.
Below graph is a clear indication that the economic growth in UAE has become very stable after the global financial crisis of
Many new housing projects have already been launched in Dubai to accommodate this increasing population which bring more investment opportunities for savvy investors who want to get higher return on their investments.