Garhoud Complex: Insights into Dubai's Real Estate Hub
Market Trends and Analysis
As Dubai's real estate market continues its unpredictable dance, Garhoud Complex emerges as a notable player. Its strategic position, coupled with a diverse array of housing options, renders it a compelling choice for both investors and residents. To truly grasp the essence of this complex, a thorough understanding of its current market conditions is essential.
Current Market Conditions
The Garhoud area has always been a melting pot of cultures and lifestyles. Recent statistics show a steady increase in property prices, which reflects the growing demand. Notably, rental yields in Garhoud hover around 6-8%, significantly higher than many other neighborhoods in Dubai. This attractive yield has drawn the attention of serious investors looking to make a fruitful return on their investments.
Several factors contribute to this upward trend. The vicinity to Dubai International Airport and significant commercial hubs makes Garhoud a prime area for expatriates, especially those working in aviation and logistics. Moreover, recent infrastructure developments have enhanced accessibility and livability, propelling interest in the area even further.
Future Predictions and Growth Areas
Looking ahead, experts are optimistic about Garhoud's real estate landscape. The ongoing urban development initiatives, including new retail and leisure facilities, are expected to elevate the area’s appeal. Such developments not only cater to the current residents but also attract a wave of new investors and homebuyers.
Predictive analyses suggest a potential 5-10% increase in property values over the next few years, largely driven by the demand for modern living spaces that offering a blend of comfort and convenience. Importantly, the upcoming metro line extension is set to bolster connectivity, further enhancing Garhoud's desirability.
Property Investment Strategies
In light of the burgeoning opportunities in Garhoud, understanding the right investment strategies becomes pivotal. Herein, we explore the types of properties one might consider as well as the financing options available.
Types of Properties to Consider
Garhoud boasts a diverse portfolio of properties ranging from stylish apartments to spacious villas. Here’s a closer look at what you can find:
- Apartments: Ideal for individuals and small families, these units often come with community amenities like pools and gyms. Prices can range widely based on size and condition.
- Villas: For those who prefer more space, villas here provide gardens and parking. They can be rather impressive, especially for families looking for a comfortable environment to thrive.
- Commercial Properties: With a robust business environment, owning commercial space in Garhoud can yield significant returns. From small shops to larger office complexes, the area offers ample opportunities for entrepreneurs.
Financing Options and Considerations
Investors eyeing properties in Garhoud have a host of financing options. Such alternatives include:
- Local Banks: Many expats opt for mortgages through local banking institutions. Competitive rates often attract a diverse clientele.
- Developer Financing: Some property developers offer attractive financing plans that might ease the purchasing process.
- Cash Purchases: Those with the means often favor cash purchases, allowing for quicker transactions and potential negotiating leverage.
"Garhoud is not just a place to live; it’s a community poised for growth, where opportunities are ripe for the taking."
For additional insights and community discussions, you can explore more at Wikipedia or engage in discussions on platforms like Reddit and local groups on Facebook.
By staying informed and making strategic choices, those interested can tap into Garhoud's promising real estate market.
Prologue to Garhoud Complex
The Garhoud Complex is more than just a set of buildings and roads in Dubai; it serves as a vibrant melting pot of culture, commerce, and community life. Situated at the crossroads of vital highways, it plays a significant role in the wider real estate landscape of the emirate. Understanding this complex is crucial for anyone interested in the dynamics of Dubai’s property market.
Investors, real estate agents, and expatriates alike will find that the Garhoud area boasts a mix of residential and commercial properties, attracting diverse clientele. This section of the article will lay the groundwork, presenting the essential features and highlights of the Garhoud Complex.
Overview of Garhoud Area
Garhoud is strategically located east of Dubai Creek, nestled between the bustle of Deira and the newer parts of Dubai. It's become a go-to zone for people looking to balance work and life without the high costs associated with properties in the heart of the city.
This area is characterized by its high-rise buildings interspersed with charming low-rise structures, creating an appealing skyline that's easy on the eyes. The neighborhood is known for its vibrant mix of cultures, providing a rich living experience for residents. Nearby there are essential amenities like supermarkets, schools, and healthcare facilities.
The draw of Garhoud doesn’t stop there—it has garnered attention for its various dining options and recreational activities, making it suitable for families, singles, and retirees. In short, Garhoud offers a slice of everything one might want from urban living, pulling in a steady flow of new residents who are keen to experience the community spirit while enjoying proximity to Dubai’s commercial hubs.
Historical Significance
Garhoud is steeped in history, tracing its roots back to the early days of Dubai's rapid development. Initially, the area was less developed, primarily consisting of small farms and local communities. However, as Dubai grew into the cosmopolitan city we know today, Garhoud transformed along with it.
One notable aspect of Garhoud’s history is its proximity to Dubai International Airport, which has played a significant role in shaping the area. Since its inception, the airport has acted as a catalyst for growth, pulling in a workforce and businesses attracted by the advantages of being near such a critical infrastructure.
Moreover, the history of Garhoud is reflected in some of its traditional buildings, which stand as a reminder of the past even amidst modern developments. This blend of new and old adds depth to the neighborhood’s character, ensuring that while the area continues to evolve, it remains rooted in its past.
"Understanding the historical context of an area can offer valuable insights into its current real estate trends and community dynamics."
In summary, the Garhoud Complex is a microcosm of Dubai’s evolution, reflecting both its rapid modernization and its historical underpinnings. This section sets the stage for exploring the geographical aspects, real estate market landscape, and community dynamics of the Garhoud area.
Geographical Location
The geographical location of Garhoud Complex is a crucial element in understanding its position within Dubai’s thriving real estate market. This area is strategically placed, offering both residents and investors a multitude of advantages. Being centrally located, it serves as a connector between various key districts of the city. This not only enhances accessibility but also adds value to properties within the complex, making them an attractive option for many.
Proximity to Key Landmarks
When we talk about the proximity of Garhoud to key landmarks, it’s noteworthy to mention that the Dubai International Airport is less than 10 minutes away by car. This convenience is a huge draw, especially for expatriates and frequent travelers. Imagine stepping out of your home and jumping into a taxi, knowing that in a jiffy you'll be at the airport, avoiding the congestion of the more touristy parts of the city.
In addition, iconic attractions such as the Dubai Creek, Dubai Festival City Mall, and the revered Dubai Opera are all within easy reach. The area is sprinkled with lush parks, educational institutions, and healthcare facilities. This kind of accessibility is less about just convenience; it influences lifestyle. Families can easily engage in recreational activities, and working professionals can save precious time on their daily commutes.
- Dubai International Airport
- Dubai Festival City Mall
- Dubai Creek
- Schools and Educational Institutions
- Healthcare Facilities
With a coveted location, Garhoud stands as a hub where urban living meets practicality—this ease of access can significantly uplift property values and attract more buyers.
Connectivity and Transport
In addition to proximity, the level of connectivity in Garhoud is nothing short of impressive. The area benefits from a robust transport network that includes metro stations and bus services, ensuring that residents can navigate the city without hassle. The Emirates Metro Station is conveniently located within a reasonable distance, facilitating quick access to other essential areas like Downtown Dubai and Jumeirah.
Moreover, the local road infrastructure is well-maintained, reducing travel time to neighboring districts. Major highways such as the Sheikh Zayed Road and Al Rebat Road are easily accessible, further strengthening Garhoud’s standing as a prime residential hub.
This interconnectedness attracts a diverse populace, accommodating a mix of expatriates, families, and working professionals. The connectivity and transport options not only make everyday commuting easier but also elevate the overall appeal of living in the Garhoud Complex. As commuting costs and time become increasingly pivotal in decision-making for potential buyers and renters, these aspects cannot be overlooked.
"In real estate, location isn’t just a marketing tool; it’s the very foundation of investment decisions".
Living and investing in Garhoud is more than just seeking shelter; it's about being at the heart of a well-connected and accessible urban environment.
Real Estate Landscape
Understanding the real estate landscape in Garhoud is paramount for anyone interested in diving into this vibrant market. This area shows a blend of different property types and dynamics, making it appealing for various investors and homeowners alike. The infrastructure is robust, coupled with the diverse amenities that enhance the living experience, creating a terrain full of potential.
Property Types Available
Residential Properties
When we talk about residential properties in Garhoud, we're primarily looking at a variety of options - villas, townhouses, and apartments. The housing market here caters primarily to families and expatriates, thanks to its spacious layouts and quality of life.
A key characteristic of these residential offerings is the availability of community amenities. Many of these properties are part of well-planned developments that often include parks, playgrounds, and gyms. This makes them especially attractive for families seeking a wholesome environment for their children.
However, it's worth noting that the price points might be higher compared to other areas. Still, the overall benefits tend to outweigh these costs, often positioning Garhoud as a desirable choice for people looking to settle in Dubai.
Commercial Properties
In terms of commercial properties, Garhoud has made a name for itself as a premier area for businesses. With many mixed-use developments offering retail and office spaces, it attracts both local and international businesses.
What stands out about commercial properties here is the prime visibility they offer. Situated near key transport links and residential areas, these businesses have the potential to tap into a broad consumer base. Furthermore, the bustling environment contributes positively to foot traffic, which is crucial for any retailer.
On the downside, new investors might find rental prices to be steep. Nonetheless, this high demand often leads to strong rental yields, making it worth the investment in the long run.
Mixed-Use Developments
Now, if we shift our focus to mixed-use developments, Garhoud certainly does not disappoint. These projects combine residential, commercial, and recreational spaces, creating a multifunctional environment that serves various needs in one location.
The appeal lies in their convenience. Residents can live, work, and play all within the same vicinity. Furthermore, such environments promote community interactions, enhancing the overall lifestyle. It's a game changer for those with busy schedules who don't want to waste time on lengthy commutes.
However, these developments sometimes come at a premium due to their integrated nature. That being said, the investment can often be seen as a step towards benefiting from the area's growth.
Market Demand and Supply
The market demand in Garhoud is constantly evolving, driven by price trends, economic stability, and demographic changes. With its strategic location, there's a steady influx of new residents and businesses, keeping the interest high. On the other hand, the supply side remains responsive due to the influx of new developments coming up.
The balance between demand and supply is crucial for sustaining property values. Investors need to be vigilant about current trends to make informed decisions about buying or renting in Garhoud.
Amenities and Lifestyle
Understanding the amenities and lifestyle options in Garhoud Complex is essential for anyone looking to invest or reside in this dynamic area. The availability and variety of services and recreational options can significantly influence the quality of life for residents and the attractiveness of properties for potential buyers or renters. In a bustling location like Garhoud, these elements serve not just as conveniences but as vital aspects contributing to the community's overall appeal.
Essential Services
Healthcare Facilities
Garhoud provides access to numerous healthcare facilities, which include hospitals, clinics, and specialized treatment centers. Having a reliable healthcare system nearby is paramount, especially for families and expatriates. The key characteristic of these facilities is their accessibility and advanced technology. For instance, the Iranian Hospital and the American Hospital Dubai are two prominent institutions known for their quality care and specialized services.
These hospitals are beneficial due to their comprehensive services, offering everything from emergency care to outpatient services. A unique feature is their international staff and protocols, catering to a diverse demographic. This ensures that residents have peace of mind knowing they can obtain quality health services promptly. However, one potential disadvantage can be the wait times during peak hours, which might be a consideration for some families.
Educational Institutions
Education is a cornerstone of community living, and Garhoud does not fall short in this regard. The area is home to numerous educational institutions, ranging from international schools to higher education colleges. The key characteristic of these institutions is their diverse curricula, which cater to expatriates and locals alike. Schools like Dubai International Academy and Garhoud Private School exemplify this commitment to quality education.
These educational institutions are popular choices for families which prioritize excellent academic programs and extracurricular activities. A unique aspect of these schools is the emphasis on multicultural learning environments, promoting inclusivity. However, parents may face challenges in securing spots due to high demand, which can be a consideration when planning to move into the area.
Recreational Options
Shopping Malls
Garhoud’s shopping malls represent the heart of commercial life in the area, offering both residents and visitors a lively environment for shopping and leisure. A key characteristic of places like the Al Garhoud Mall and Dubai Festival City Mall is their wide range of shops and entertainment services. These malls are not only centers for retail but also hubs for gatherings, celebrations, and events, making them popular spots among families and young professionals.
The unique feature is the inclusion of both international brands and local boutiques, providing variety to shoppers. The convenience of having numerous dining options and cinemas under one roof adds to their beneficial nature, making them appealing destinations. However, some may find these malls crowded, particularly on weekends, which can detract from the overall shopping experience.
Dining and Entertainment Venues
Garhoud doesn’t skimp on offerings when it comes to dining and entertainment. The area boasts a rich tapestry of restaurants, cafes, and entertainment venues. The key characteristic of these establishments is the diverse culinary options available, ranging from traditional Middle Eastern cuisine to international fare. Restaurants like Al Fanar Restaurant & Cafe capture the essence of local culture while also accommodating various tastes.
These venues are beneficial for socializing, unwinding, and hosting gatherings, thus enhancing community living in Garhoud. A unique feature is the outdoor dining setups available in many restaurants, allowing patrons to enjoy pleasant weather while dining. One disadvantage, however, could be the inconsistency in service during peak dining hours, which can be a downside for those seeking a leisurely dining experience.
Investing in a property in Garhoud means not just acquiring space but embracing a lifestyle enriched with ample amenities that cater to both practical needs and leisure pursuits.
Investment Analysis
Investment analysis is a critical component when considering the real estate market, particularly in a vibrant area such as Garhoud. Understanding this aspect allows potential investors, homeowners, and real estate professionals to navigate the dynamic landscape of property values and investment potential successfully. By exploring elements like rental yields and projected real estate trends, investors can make informed decisions that resonate with their financial goals and risk appetite.
When diving into investments, emphasis must be placed on evaluating how rental yields function as a barometer for profitability. Investors are often compelled by figures that demonstrate cash flow potential; therefore, knowing what to expect in terms of returns is paramount. Additionally, analyzing projected trends in the real estate market grants insight into how the neighborhood might evolve over time. This dual focus not only aids investors in assessing current opportunities but also aligns their strategies with future movements in the market.
Rental Yields
In the context of Garhoud, rental yields are particularly favorable, making it an appealing area for property investment. Investors can expect a healthy ROI that reflects the community’s demand for both residential and commercial spaces. Properties in Garhoud benefit from their proximity to major transport links and amenities, which tends to drive demand up and, in turn, rental prices.
For instance, residential properties like apartments and villas often see yields ranging from 6% to 8%, depending on the specific location and amenities offered. This is significantly higher than the averages across Dubai, showcasing Garhoud’s potential for generating income through renting. Beyond just numbers, owners might also find the rental market attracts a diverse tenant base, including expatriates and families, increasing the stability of rental income.
Here are some elements affecting rental yields in Garhoud:
- Demand and Supply Dynamics: A steady influx of expatriates searching for housing keeps demand robust.
- Proximity to Key Areas: Being close to the airport and business districts enhances attractiveness.
- Quality of Facilities: Properties that offer modern amenities typically fetch higher rents.
Projected Real Estate Trends
Looking ahead, real estate trends in Garhoud indicate a promising trajectory. As Dubai continues to position itself as a global hub for business and tourism, areas like Garhoud are expected to experience growth in both property values and demand.
Current indicators suggest that multi-family residences and commercial spaces will continue to be in high demand. This corresponds with Dubai’s larger strategic plans to increase population density while enhancing connectivity through upgraded transport links.
Factors contributing to these projected trends include:
- Infrastructure Improvements: Ongoing developments, such as the expansion of the metro and new road links, are pivotal in attracting more residents.
- Diverse Community Features: The character of Garhoud lends itself to being appealing for a broad demographic, which sustains interest among buyers and renters alike.
- Regulatory Support: Government initiatives geared toward making Dubai’s real estate more accessible can positively influence investment opportunities.
"Understanding market dynamics is essential for a successful investment strategy in Garhoud."
As investors survey the landscape, they should remain abreast of these trends to adapt their strategies accordingly and capitalize on the complex’s unique attributes. Overall, the investment analysis not only informs about potential returns but also equips stakeholders with insights to ride the waves of market changes.
Living in Garhoud
Garhoud stands out as more than just a location; it embodies a vibrant community where diverse cultures meld into a remarkable living experience. Understanding the intricacies of living in Garhoud offers significant insights for potential residents and investors alike. This area is lauded for its unique blend of modern conveniences, longstanding traditions, and an atmosphere that encourages community engagement.
Community Dynamics
The heartbeat of any neighborhood lies in its community dynamics. Garhoud showcases a rich tapestry of residents from various backgrounds, each contributing to the area's character. There’s an undeniable sense of camaraderie among its inhabitants, fostered by local events and initiatives. Residents frequently gather in community centers and parks, engaging in social activities that bridge the cultural gaps.
Moreover, the area's positioning near the shimmering Dubai Creek enhances communal interactions. This proximity enables families and individuals to partake in various recreational options, fostering a friendly environment. Neighborhood gatherings often take place, creating opportunities for networking and building connections. In such an inclusive atmosphere, both newcomers and long-term residents can find a sense of belonging, making it easier for expatriates to settle down.
Demographics of Residents
Garhoud's demographic landscape is one of its most compelling aspects. The neighborhood presents a mixture of expatriates and local Emiratis, reflecting Dubai's broader cultural diversity.
- Expatriate Presence: A significant portion of the population consists of professionals and their families from countries like India, Pakistan, the Philippines, and the United Kingdom. The appeal of Garhoud lies in its affordability compared to neighboring areas, making it a preferred choice for many.
- Local Emirati Population: Alongside expatriates, there’s a sizable Emirati community. This blend enriches the local culture, where traditional values coexist with modern lifestyles.
- Age Distribution: The residents range widely in age. Young professionals thrive here, facilitated by extensive job opportunities in nearby business hubs. Moreover, families seeking a safe and nurturing environment for their children find Garhoud particularly appealing.
Understanding these dynamics helps in assessing not only the desirability of properties but also the potential for growth in the area's real estate market.
Future Developments
Future developments in Garhoud Complex represent a pivotal aspect of its trajectory within Dubai's real estate market. Understanding what lies ahead is crucial for all stakeholders, including investors, homeowners, and developers. As the urban landscape continues to evolve, the incoming projects and infrastructural upgrades hold substantial weight regarding the area’s long-term appeal and investment viability. They not only augment the local economy but also enhance the quality of life for residents.
Upcoming Projects in the Area
A plethora of projects are on the horizon for Garhoud, reflecting both the aspirations of the local government and the demands of contemporary living. Some of the noteworthy impending developments include:
- Residential Towers: New high-rises aimed at providing luxury and affordable living spaces are set to showcase sophisticated design and sustainable construction practices.
- Commercial Spaces: The proliferation of office spaces and tech hubs signifies Garhoud's shifting identity into a bustling business district. This trend caters to the ever-increasing demand from entrepreneurs and established companies alike.
- Community Parks: Plans to introduce more green spaces are popping up. Such initiatives aim to promote outdoor activities and nurture community ties, further enriching the local lifestyle.
- Public Transport Upgrades: Enhancements to the Dubai Metro and other transport infrastructures will facilitate seamless connectivity, making it easier for residents to commute to other parts of the city.
These developments cater not just to current market demands but are also strategic moves to attract future residents and investors.
Impact on Property Values
The influx of development is expected to have a significant impact on property values in Garhoud. Here are several factors that illustrate this influence:
- Appreciation of property prices: As new facilities and infrastructure are introduced, existing properties may experience a surge in value. Higher demand often correlates with increased capital appreciation, making a property not only a home but also a profitable investment.
- Improved desirability: With newly constructed residential and commercial spaces, Garhoud becomes a more appealing place to live. High-quality amenities, shopping venues, and family-friendly parks can attract a larger demographic, consequently driving prices upwards. By enhancing lifestyle options, more residents may choose to make Garhoud their home.
- Increased rental income: For investors, developments can yield significant returns in rental income, particularly when properties are close to newly established commercial hubs and transport networks. The trend of urban migration towards well-equipped neighborhoods further fuels this potential.
- Risk Mitigation: While market fluctuations are inevitable, strategic developments in Garhoud can act as a buffer against volatility. Properties in areas with ongoing improvements often retain their value better, providing a safety net for investors amidst wider market uncertainties.
As we look forward, it is essential for stakeholders to monitor these developments closely. Understanding their implications can crucially shape investment strategies and residential choices in Garhoud.
Challenges and Considerations
Understanding the challenges and considerations within the real estate landscape of the Garhoud Complex is crucial for prospective investors, residents, and developers alike. The volatility of the property market, combined with regulatory nuances, shapes the opportunities and risks associated with real estate in this area. Having a grip on these factors not only informs decision-making but also helps individuals navigate the complexities of property investments effectively.
Market Volatility
Market volatility in Garhoud can be likened to a double-edged sword. On one hand, fluctuations in property prices can spell both risk and opportunity. A spike in demand due to new developments or popularity shifts can lead to increased property values. However, similarly, an abrupt downturn can leave investors in a tight spot. Recent years have shown how Dubai's market responds to broader economic conditions, often making both investors and homeowners feel like they're walking on eggshells.
To be more specific:
- Economic Trends: The real estate market here doesn't operate in isolation. It’s deeply intertwined with broader economic trends, including oil prices and tourism rates. A downturn in these sectors can lead to a cooling property market in Garhoud, affecting rental prices and purchase interest.
- Timing the Market: Investors often find themselves asking when is the right time to buy or sell. With seasonal fluctuations in demand, it’s not uncommon to see a buzz during certain months, such as during Expo seasons or around holidays, leading to a mixed bag of opportunities.
- Buyer Sentiment: The psychological aspect of market behavior can lead to rapid changes in demand. When news spreads about potential regulations that may limit foreign ownership, it might send buyers scrambling to make purchases before any new laws take effect.
In summary, understanding how market volatility impacts the Garhoud Complex provides insight into making informed investment choices. Staying updated on economic indicators and market sentiment can make a significant difference in navigating this landscape.
Regulatory Environment
Navigating the regulatory environment in the Garhoud Complex is akin to dancing through a maze. The regulations in Dubai can be intricate, sometimes leaving newcomers feeling a bit overwhelmed. Fortunately, knowing the landscape can bolster your confidence and guide you toward successful investments.
Some prominent regulatory considerations include:
- Ownership Laws: Foreign ownership rules are among the most crucial aspects affecting investment decisions. Understanding how much of a property can be owned by a non-resident is vital. In Garhoud, there are specific zones where foreign ownership is permitted, making it essential to do your homework.
- Building Codes and Standards: Developers must adhere strictly to Dubai's building codes, which ensure safety and quality. Any changes in government regulations regarding construction can impede project timelines, resulting in delays and financial strain.
- Rental Regulations: The laws surrounding rental agreements fluctuate and can heavily impact investors who plan to rent out properties. Familiarity with tenant rights and landlord obligations is key to securing a sustainable rental business.
In light of these factors, it’s advisable for anyone interested in real estate in Garhoud to consult with local experts or seek guidance from property lawyers. Doing so helps alleviate potential legal challenges while enhancing one's understanding of the regulatory framework.
Key Takeaway: Understanding both the market volatility and the regulatory environment is essential for anyone looking to invest in the Garhoud Complex. These elements serve to guide strategic decisions, ensuring that investments not only yield returns but also comply with local laws.
Finale
The conclusion of this article serves as an essential reflection of the Garhoud Complex's significance within Dubai's expansive real estate market. By consolidating diverse insights and data, we illuminate key takeaways that can empower investors, homeowners, and developers alike to make sound decisions pertaining to properties in the area.
Summary of Key Insights
When peeling back the layers of the Garhoud Complex, several crucial points emerge:
- Diverse Property Types: The area offers a mix of residential, commercial, and mixed-use developments, catering to various lifestyles and investment preferences.
- Strong Demand: A robust demand from both residents and businesses underscores the area's growth potential, driven by its strategic location and evolving infrastructure.
- Vital Amenities: The availability of essential services and recreational options adds to the quality of life, making it appealing to expatriates and families alike.
- Market Trends: Observations point towards increasing property values and rental yields, outlining a landscape of opportunity that investors should watch closely.
In summary, Garhoud is not just a neighborhood, but a vibrant community poised for long-term growth.
Recommendations for Investors
For those eyeing opportunities in the Garhoud Complex, consider the following recommendations:
- Conduct Thorough Research: Familiarize yourself with current market trends, focusing on upcoming developments and the regulatory framework that may affect investments.
- Diversify Investments: Given the variety of property types available, diversifying your portfolio can mitigate risks and maximize returns. Consider mixing residential properties with commercial ventures to enhance revenue streams.
- Stay Updated: Keep an ear to the ground regarding infrastructural changes and city planning, as these factors can dramatically influence property values.
- Engage Local Experts: Collaborating with real estate agents who specialize in Garhoud can provide beneficial insights into market dynamics and investment strategies.
In closing, the Garhoud Complex holds a wealth of possibilities for astute investors. Its blend of location, amenities, and community makes it a noteworthy consideration in Dubai's real estate market.
