Real Estate Listings Posts, Inquiries, Replies

A few years back there was a general knowledge in the world of real estate that there are only a few places left on the planet where you can actually make some serious money by investing in real estate development and market and one of these places was Dubai, the jewel of the Arabian Gulf and one of the most famous cities in the whole world. The Dubai real estate boom was preceded by that of Mumbai, India where housing prices increased several times over in a very short period of time thus enabling investors, both foreign and domestic to make really fantastic results and returns of their money when it comes to real estate investment. Dubai was the next place where realtors would go to increase their cash flow and to make projects that will stand the test of time and be a mark of this generation in the future. With massive projects such as the Dubai Marina, the Palm Jumeirah and the other two planned palms and not to mention the World Islands, there was no better place to invest your money into fantastic projects than in Dubai. Real estate listings were large because there were so many companies there, fighting for their share of the massive demand for properties. Since real estate was one of three key columns of Dubai’s economy (the others are tourism and all tourism related sales in malls and of course shipping) the government there took great care to make the market as stable as possible and as inviting as possible for foreign investment. People used to be able to double their money even as individual real estate listings agents, not even as parts of big companies and developers. There was a constant increase in the price of housing due to the huge interest and the amount of money that was pouring in from many different parts of the world. When you have investors from the US, the EU but also from Russia, China and even Latin American countries all in one place, it is bound to be a melting pot of capital which is going to give great returns to those who are skilled in this type of business and to make them some real cash when compared to any other project in any other place on the planet where they might decide to do their business these days. However, the last economic crisis, the one of 2008 (the media are officially calling it the 2008 crisis although its effects can still be felt in most countries in the world even now) the real estate listings market in Dubai has changed its face dramatically. 2009 was an especially difficult year to overcome and many companies literally fled the scene because they couldn’t deliver on the projects that they had. Luckily, the excellent government sanctioned system of escrow accounts has protected the end buyers and everyone who has invested their money so there are no losses, but the question remains; will the market ever reach its earlier glory?