(PRWEB) April 19, 2007
The team at latticewerks research have predicted strong continued rapid growth throughout 2007, and well into the future. They feel the property market will be able to handle continued growth from inward investment, as the population of the area continues to grow, at a rate which far outstrips the development work being undertaken.
Throughout 2006 into 2007 Dubai has seen continued exponential growth reveals Majid Siddique, Marketing Director of LatticeWerks: "Our Company has continued to grow our own portfolio within Dubai. We recently undertook a £1.6 million development -- it sold out within 3 months of getting underway. We are currently undertaking several new developments within Dubai. The countries infrastructure development is being scaled up, to boost economic and tourist developments, making this a smart time for foreign investors to capitalize."
LatticeWerks are a consultancy that helps investors as well as foreigners looking to purchase homes for relocating around the world. Over the past 12 month period LatticeWerks have seen an upsurge in demand from consumers looking to purchase property in the area, and feel this is a result of foreign investment coming into the country in the form of venture capital, acquisitions and branches of multinationals. This is not only increasing overall wealth in the area, but is also increasing employment in the area, attracting people wishing to locate as near to the financial epicenter as possible.
The largest of the Dubai developers, have taken full advantage of the upsurge in Dubai. Having developed many real estate projects, many are now desperately seeking further land plots, from which to further take advantage of the market conditions they find themselves in. The tie up of Emaar and Dubai Holding being a notable example.
Majid Siddique also reveals further reasons why investors should not be complacent in placing an investment in the area -- "the key to any investment decision should be the overall direction of a market as well as having the insider knowledge that gives you an advantage over less savvy investors. Dubai currently has some perceived freehold property issues in the process of being overcome. Following that and more freely available finance, foreign investment is likely to flood into the area without the constraints that are happening at the moment. Getting in before that time is what we recommend to our clients -- it gives you the edge over other investors."
LatticeWerks note that a yield of 8-10% is a conservative estimate of property price rises in the area with many areas seeing above 25%. Many Dubai facts can be found on LatticeWerks Dubai Property page: http://www.latticewerks.co.uk/index.cfm?page=dubai.
LatticeWerks are an overseas property investment firm with its head office in London, UK. They have interests in Turkey, India and Dubai among other areas.
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