Demand for housing in Dubai by foreigners grew by 36%

During the first half of 2012, demand for property in Dubai by foreign investors increased by 36%, according to online resource Property Show Rooms with reference to the report of Cluttons. According to the report, during this period, foreigners spent 28.3 billion dirhams ($ 7.7 billion) for the purchase of real estate in Dubai. The company's specialists also note the growth in popularity of property, located close to metro stations, - for such real estate demand is stable, and rents are rising. In addition, the market value of the luxury villas increased, which confirms forecasts of Jones Lang LaSalle company on the UAE real estate market, made in early 2012 HomesOverseas.ru