Dubai has become most promising Investment destination
UAE has developed into a very robust economy; A one in all economy with a strong financial base making it an investors heaven. A latest report by the Institute of International Finance (IIF) states UAE is thriving and flourishing into an inviolable economy. The latest economic outlook report by (IIF) is a positive affirmation for investors looking to invest in UAE.
A brief on UAEs regional economic outlook report from the Institute of International Finance (IIF), a Washington based association of world’s leading banks and financial institutions:
As per the MENA Chief Economist of the IIF; Garbis Iradian, UAE won’t face a downfall due to the fluctuations in the oil price cause of how well UAE has developed during the years and the current salubrious progress. UAE has a competent financial buffer (estimated at around $670 billion), highly organized banks, superior quality infrastructure, safe heaven status, melting pot with business friendly economy. IIF stated that will UAE will further ameliorate its business environment and its competitiveness. The economy is expected to proliferate in trifold in the upcoming years due to steady oil price, impressive growth in global trade and the expected easing pace of fiscal adjustment. As per the IIF report “The non-oil real GDP growth to accelerate to 3 per cent in 2017 and 3.5 per cent supported by investment in preparations for the EXPO 2020. The private sector is booming cause of steady oil prices and high economic indicators such as tourist arrivals, retail sales and Purchasing Managers Interest (PMI)”
Dubai is currently performing exceptionally well due to its diversified economy, key developments such as airports and nuclear plants expansion are progressing. According to FII “The UAE can afford to maintain modest fiscal deficits and follow a more gradual pace of fiscal adjustment for many years”. The market is extremely regulated, The government has introduced strict requirements for private and government sectors for i.e. ; developers prior to their launching new projects are to confirm a stout, competitive, insulated and structured environment for all investors. Conservative financing schemes have become the rule.
So if there is still speculation on if it is the right time to invest in Dubai properties, the answer is a definite yes. While investing on a property it is very important to select the right development, the suitable location and the appropriate layout and which we can guide you to ensure all this while making your property investment in Dubai
If you are a prospective investor looking for investment options, our panel of expert agents in Riveria Global will assist you make your choice. Click here for more Details…
