NewswireToday - /newswire/ -
Dubai, UAE, United Arab Emirates, 2006/05/08 - The Dubai property market needs to diversify with more emphasis on addressing the varying needs of families, companies and individuals who are making Dubai their home, according to Hashim Al Dabal, CEO of Dubai Properties
“Since 2002, when the property market in Dubai opened itself to investors, we have witnessed a huge growth in the size of the projects, as well as the type of developments that have come up across the city. Each development is offering a unique lifestyle,” remarked Al Dabal.
According to Al Dabal, diversification of the property is inevitable as more investors from around the world enter the market, bringing with them a different set of quality standards as well as lifestyle options.
“As developers we are continuously studying the changes in the market. Dubai is very different now than what it was five years ago. It is the vision of its leaders, especially His Highness Sheikh Mohamed bin Rashid Al Maktoum, that has made Dubai one of the most sophisticated cities in the region,” Al Dabal added.
“As developers we would like to see Dubai Properties answering the needs and wants of its many inhabitants. Dubai has the infrastructure to support major changes, and the authorities are always working to provide even better facilities,” Al Dabal further commented.
Dubai Properties, a member of Dubai Holding, is the developer behind The Business Bay, Jumeirah Beach Residence and The Villa among other projects that highly contribute in supporting the properties and real estate field in Dubai in particular and UAE in general.
“We are currently looking at concepts that will add more diversification to the market. Dubai is a city in transition and there are many new things that we can look forward to,” Al Dabal concluded.