A strong sign of recovery for the Dubai real estate market?

Dubai Financial Market performance increased by 15.7%A report released on March 31, 2010, suggests the overall performance of the Dubai Financial market is up by 15.7%. That means the jump went from 1592.91 points at the Feb. 28 marker to 1843.47 points at the Mar. 31 marker.

As the financial market recovers, real estate investors should begin to see more activity in the real estate market. Another great sign is that the number of shares investors were trading in Dubai financial markets was up 168.6%.

Time will tell if there is a trickle-down effect.

Comments

[John]

I'm sorry. I fail to see the correlation between the Dubai Financial Markets and the Real Estate Market. Stock markets fluctuate all the time and there are some positive trends in some companies at the moment. However the Dubai Real Estate market remains well and truly depressed. Just look at the selling prices on your site. They are still massively down on prices of one year ago and as far as I can see there are no signs of price increases. In fact I think they are still dropping in some areas. Look at International City studios. They used to be AED 300,000 a few months ago, now you can find them advertised for AED 250,000! I think there is still a long way to go for a Real Estate recovery to take place in Dubai.