“A nation is the same people living in the same place”. To prove the words of famous writer James Joyce Emirates remains a destination that never makes you feel to leave. It is the nation which is filled with excellent features of development over all standpoints. Be it from technological scenario or infrastructure or industrial for instance, today Emirates remains one of the spontaneous locations that flash into the minds of people when they are asked to tell the favorite destination. It is a place for hope and positive destiny for many from across the world. The country’s growth is tremendous is obviously proved one and known for world renowned and incomparable architectural progress. There is lot of things which can be illustrated here to reflect on unmatched improvement, especially, when it comes to real estate and property growth, UAE is sure to be included in the talk.

Support for Property Development on Encouraging Plane

Dubai property market is aiming to balance the variations in affordable housing. There is lot of attractions provided for construction projects in the form of investments and awards. This has been one of the strong motives for more and more successful projects to emerge out successfully. In addition, construction and real estate sector in Emirates also find reliable means of responding to the market demand and at competitive cost. According to research reports, the awards, recognitions and project approvals provided during 2014 is found to have registered excellent climb since the past 6 years.

Awards and Recognitions Provided for Property Sector in Dubai

Julian Herbert, Director of MEED Projects observes that “civil construction projects in UAE represent 75% of awards in the first half of 2014 winning over $20bn and UAE has become the biggest of GCC market and reached excellent position which it had not been able to capture since 2008. Find out the top awards and values obtained by contractors and construction companies during 2014.

Awards and Recognitions Provided for Property Sector in Dubai

Important Causes that Strengthened Residential Construction Projects

  • There is great difference can be seen among popular residential communities which appear to have rushed forward by 30 % during 2013.
  • Scope for new as well as off-plan projects has increased substantially and as a result, certain aspects concerning growth of property was identified to have been strengthened. This is in spite of the redefined mortgage regulations imposed by bank for housing loans.
  • Dubai market now started considering immovable asset market to travel on equal terms with that of global as the outcome has proved to bring great profit on investment.
  • A recent report says that real estate in Emirates accounts for having acclaimed one fifth of investment wealth when compared to global market.
  • Internal destinations like Dubai Marina, Jumeirah Lake Towers, etc have been witnessing high price hikes when compared to the earlier years and the data shows nearly 41% increase in price.

Conclusion

UAE is one of the hot spots for developmental features and construction and real estate sector takes the lead role. The awards and recognitions provided for contractors and construction companies clearly illustrates the transformation which Emirates has been facing since the past 6 years and the raising popularity in the world market.

This article is posted by Mr.

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