Finances & Real Estate Witnessing a capitalistic trend

At present the average growth in housing infrastructure when compared to the needs of the native population is on the higher side in the UAE. Literally speaking the present high growth rate in housing infrastructure is likely to benefit the local population because the housing units occupied by migrant workers is likely to revert back to the native population once the migrant workers leave. What is being created during times of plenty is likely to outstrip the upcoming demand later on.

Even though there is a marginal increase in the native population, there is enough housing infrastructure available to cater to the needs of the ever growing population through several decades. Even if the entire migrant population leaves UAE, there is enough built up space to accommodate one half of the present population.

Right from the 1970’s the emirate witnessed a significant boost in government spending in housing infrastructure development. As of now, the private players are dominating the market even though the government is also present in scene. The average growth in housing infrastructure was very high when compared to the growth in native population. Thus, scores of prominent business houses have made significant investments in real estate.

The cost you will have to shell out for an apartment depends on the popularity of the locality, the proximity of the apartment to key city areas, the demand for space outstripping supply etc.