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Dubai real estate continues upward trend
The property market of Dubai is gradually recovering from the crash of 2008 and, from the beginning of 2012, the realty market has been exhibiting upward trends. Moreover, the property portals like Bayut.com are contributing a lot to the progress of this industry. You may think that this immense resurfacing of the property sector may lead to another property "boom and bust" cycle, but, in my opinion, Dubai of today is far smarter than the Dubai of 2008. At present, the government of this happening city seems to be playing safe and will go to any length to avert a crisis.
Now you might be thinking as to what enabled Dubai real estate to shake off the effects of the recession so quickly. I will give some of the reasons which led to such sharp rises in rental prices of apartments in Dubai:
Moreover, Doing Business Index of 2013, as sanctioned by the World Bank, ranks DLD (Dubai Land Department) at fourth place in the world for easing the process of property and real estate registration in Dubai. And the same index ranks Dubai Land Department the best in the Arab world for the services the department offers.
These laws will be implemented in a period of two years. Furthermore, it was disclosed that to control the situation further, the Dubai Land Department has doubled the property transfer fee. So, the cautiousness of related authorities is also playing a major role in backing the continuous journey of upward trends in Dubai real estate.
![Shehryar Qureshi](https://biz-file.com/b/1311/269088-140x164.jpg?2)
About Shehryar Qureshi
Shehryar Qureshi is a leading professional writer who likes to write about facts and real estate trends for property investors. He has been working in the real estate sector for many years and has been sharing his knowledge about investing trends for properties in international property management.![](https://cdn.bizcommunity.com/f/2408/Loeries-Tote-bag-competition.gif)
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