Much speculation is being given to Dubai’s current real estate environment. While many are confident in the new regulations issued by the Dubai Land Department to curb excessive growth and promote trust between investors, others remain concerned with the risk of another boom-bust cycle similar to the one in 2008 and 2009.

Dubai’s winning bid to host the World Expo 2020 may be responsible for some of the continued real estate growth and strong housing market. Indeed, the World Expo 2020 is expected to bring an increase of approximately 1.5% to Dubai’s GDP over the next six years.

But some experts are warning that if this rapid growth is not strategically managed, the residential real estate market may peak and form a bubble. House prices in Dubai are currently rising at an annual rate of 27.7 percent, leading many to speculate that if a bubble does form, it is very likely going to burst.

Those who insist that Dubai can succeed in attaining sustainable growth believe that additional regulatory changes and procedures will provide the necessary protection while others counter that last year’s administrative revisions had little impact due to the high number of cash buyers in the Dubai real estate market.

Only time will tell whether or not Dubai’s housing market will be able to support its exceptional growth. For now, many top industry consultants are simply deciding to focus on attracting property investors with excellent design and an emphasis on luxury lifestyle brand names like Donald Trump to continue real estate interest in the Dubai real estate market.

This surging interest in the market underscores the need for international, top-notch interior designers. Serving as a vital part of the growth in residential, luxury hotel life living, they remain in high demand across the Emirates.

With a focus on creating a luxury lifestyle through targeted transformation and redesign, Sterling Luxury Group has become an indispensable resource for elite investors and homeowners. Contact us to learn more about how foreign real estate investors can benefit from our bespoke real estate renovation services.

About Sterling Luxury Group

Sterling Luxury Group redefines the meaning of living a luxury lifestyle. From helping you select the perfect home through Sterling Luxury Homes, to refining the finishing touches of your interior decor through Sterling Home Styling, to styling you from head to toe through Sterling Personal Styling, let us redesign and restyle your life from Miami, New York, L.A., San Francisco and Dubai.

Dubai Office: +971 4 313 2467

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