Dubai’s real estate gains ground

The UAE local economy appears set to sustain its recent upward momentum as investor confidence returns and some core sectors rebound. Real estate is once again
on the move. The fall in residential prices, which saw values in some segments drop by as much as 60%, appears to have ended with prices either remaining steady or, in some cases, making modest gains. Bucking this trend are villa properties, which have seen prices spike by 21% so far in 2012.