Property price rises predicted in Northern Emirates
Property values in parts of United Arab Emirates are likely to rise by at least 30% in the next 6 months, local market experts have claimed.
A recent study by Colliers International revealed the cost of residential property in Dubai rose by 42% in the first quarter of 2008.
Property professionals now expect to see similar price growth in other emirates, according to Tessa Morris of DSL Exhibitions.
Ms Morris is one of the organisers of the R&R Local Property Show which takes place in Ajman this week and she believes that the market in area has a lot to offer investors.
She told GoWealthy.com that there had been some important progress made in Northern Emirates in recent months, including plans for a new airport and the establishment of a bank to "support the real estate industry".
"Northern Emirates today are not just a residential destination but also an important commercial property centre," added Ms Morris.
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