The real estate sector in Dubai continues to show unprecedented growth and is now much more robust than at the outbreak of the industry experts récession.Les confirm that this rapid growth was probably powered by plaque status rotating on business trips, as this position offers an attractive and healthy environment for the development of investment.
Rizwan Sajan, Founder and Chairman of the Danube Group and a major real estate magnate, also mentions the policies of government authorities, free zones and investment promotion and the retail sector, as well the dynamic performance of the various companies operating in the UAE and the positive sentiment generated by market developments in the Gulf region.
The Danube Group announced spectacular results for the first half of 2014, with sales growth of 16% during the first half of this year, growing revenue by 15 to 20% in 2014.
According to the official, 40% of the company's revenue comes from the UAE, 30% of Saudi Arabia, Oman 20% and 10% from other markets.
"With the announcement of various government projects in infra
tures, hotels, expansion of airports and metro, we are confident about the country's economic growth, "he says.
The real estate market in the UAE is definitely an evolutionary stage, industry experts saying that there are now real actors and strict laws.
Several operators of international luxury hotels are also taking advantage of opportunities offered by World Expo 2020 to exploit the burgeoning tourism industry in the emirate, which expects to receive over 22 million visitors during this mega event that held for nearly six months.
Source: Agency Wam
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