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«Savills»: Dubai as an international example of the cities of the 21st century

Apr 17, 2016

Preparation: Wael Badr al-Din
 
Reported «Savills» Real Estate Corporation of British collaboration with Deakin University its report on the annual global cities, which deals with many aspects of which includes a special report on the 12 cities that Achtmlha report, in addition to the return on investment in real estate in these cities, and a pointer to work and live, and prices of condominiums and an overview of the global real estate markets, as well as cities and the factors that affect the real estate markets in Dubai and New York in particular index. The report also deals with the most associated with global real estate markets and its results and rates figures with a focus on the 12 cities that came from, including Dubai.
The report devoted ample space to talk about Dubai, where the report, the city was considered an example of cities atheist and the twentieth century, and they are able to attract a world-wide sectors such as technology sector broke up what distinguished him from the infrastructure developed, where established Dubai dedicated to corporate technology city as is the case in cities like New York. He added that Dubai Internet City and Dubai Silicon Oasis of the free zones that attract the most important global technology companies, but it has taken, including regional headquarters, though there are many other free zones, which attracted major international companies and organizations in various sectors.
At a time when global technology companies began to shift from markets and less active, it began to move towards areas characterized by greater quality like Dubai, which is witnessing a steady growth in this vital sector, but it has become a hub for the development of businesses and the development of its sales. The city is also witnessing according to the report growing demand for commercial rents at rates considered highest in the world, where the percentage of demand for office 13% growth in 2014 compared with 5% in the year 2012. It began developers in Dubai to go towards the establishment of office units smoother and more open than traditional type to provide attractive process for companies and corporate environment.
In the private index average median pay what companies and joint investment funds based in based in global cities, the average cost for housing and living per employee was $ 22,399. This average was in the city of Dubai US $ 6067, compared to Hong Kong, which topped the list at $ 19,980. Dubai has seen a remarkable stability in the prices of commercial rents in the period from 2008 until the year 2015 if we exclude the period of the global financial crisis which has seen real estate markets around the year sharply.
Dubai and came in second in the world in the growth of Visitors index based on the «MasterCard» Data adopted the report estimated 14.3 million visitors that, 85 thousand foreign visitors a day, ahead of Paris, New York and Singapore, Los Angeles, Sydney and San Francisco, behind London, which topped the standings growth of about 18.8 million visitors annually. In the living and housing cost index annual subsistence and accommodation amounted to one officer in the city of Dubai to $ 59,426. Although it is declining by 13.9%, but it is still among the most expensive globally in this aspect.

The stability of real estate returns

The report predicted that the real estate sector is witnessing remarkable stability returns in the world's major cities in this area, having surpassed the global real estate crisis, and after that the effects of the crisis began to gradually Visibility for the sector. The report also predicted stability returns mutual funds and the ability of a group of cities, where the market returns of bond growth estimated at 10% in the Indian city of Bombay, which topped the list, and where the expectations came in Dubai at a stable level.
In spite of the decline in the cost of rental housing in Dubai, but it is still among the most active on the global level cities list, which ranks fifth in the world.

 http://www.alkhaleej.ae/economics/page/3ffb9f51-8d8b-48e2-9168-1a26c6f1d96d#sthash.odGI5jAS.5rJBF26z.dpuf