Dubai wants to ensure steady growth for its property markets: With the residential property market dynamics ticking along, Dubai has turned its attention to commercial, issuing a Decree that clears the path towards more inward investments into offices, warehousing, logistics and other property types. The Decree confirms that these investors will be guaranteed incentives, a detail that’s always a vital element when funds are out to seek the best returns. There is a lot of inherent potential waiting to be tapped in Dubai’s commercial real estate space, not least at the Expo City and the wider Dubai South environments. Likewise, even existing free zones are into expansion mode, and any big-ticket fund or investor stands to benefit from solid, longer term returns. Commercial property is the next big wave Dubai expects to ride. (Manoj Nair, Business Editor)
Bloomberg