2009 will provide a great range of Dubai apartments for sale

2008 we saw the second largest financial crisis all over the world, which affected the banking sector, real estate sector as well as the IT sector in most of the developing countries due to the depreciation of the US Dollar, as well as the UK Pound. The crisis resulted in decreasing the prices of land all over the world, which is also affecting ongoing construction projects, including malls and flats. The prices of land fell by about 30 – 40 % compared to what the prices were in mid February, 2008. Loosing all confidence in the financial market as well as in the companies, most of the investors (in fear of loosing their money) got their money back from the real estate sector. 

Because of the money being taken out, the land prices fell where every one previously thought the land prices were over rated. For a long time, Dubai had been the destination for many people interested in purchasing land in the major oil producing country of the world. During the period of February 2008 to November 2008, Dubai saw a constant decrease in the shares of all the real estate sector companies, as well as in the prices of the land. But after a long session of depreciation, people have again begun purchasing land in Dubai, and the era of boom has started up again. The future prospects of the land, as well as the apartments in Dubai, seem to be blooming, with growth occurring in all sectors and the economy appearing to improving. Dubailand in Dubai, which is a seven sectioned themed divided city, is one place that provides attractions for anyone. Dubailand offers great shopping complexes, malls, cuisines, and housing as well.

In addition to Dubailand there are a lot of constructions going on to attract more of the domestic (as well as the international) buyers of the apartments. Dubai land department has also come up with a new scheme where a combination of land pieces can be combined together. Combining of these land pieces is known as addition. All the apartments being constructed in all the areas of Dubai suit the investors at every level. As all the apartments built come under the categories ranging from economy to luxury that depends on the spending power of the investor. The government has moreover eased the norms by modifying them to become more investor friendly.

According to the experts all around the world, the prices of the land, as well as the apartments, has come down to the level where the risk is nearly negligible and the purchasing of apartments at the current time can end up being fruitful and can give a good amount of returns in the end. So looking at all the changes that have been brought in for the prices as well as the norms by the Government, it seems that 2009 will prove to be a very good year for apartments as more stress is being given on the quality rather than quantity.