Factors Like Brix Property Partners Complaints Division Help Revive Dubai’s Real Estate Market

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Dubai property market is gradually moving towards recovery! Dubai Marina, one of the most respected real estate projects of the entire country, is witnessing the construction of six or seven of the world's tallest residential towers, while many other projects are at various stages of development around the city.

As a matter of fact the last few months of development in Dubai property market, emphasize the city's resolve to continue on with the projects that are now underway and ensure timely delivery of the same. It is this resilience that has become the linchpin of Dubai's endeavor to rise above financial misfortune.

A recent study conducted by Nakheel reveals that the property market of Dubai is raising and has real momentum to lead other (less visible) sectors through the recovery process. The study cites UAE's superior infrastructure and healthy investment climate as one of the principle reasons behind the push. In conclusion the study goes as far as to suggest that a strengthening "wave" of demand is expected to hit the real estate market throughout the coming period.

Nakheel's optimism is backed by an independent review conducted by Jones Lang LaSalle, the global real estate consultancy firm. According to Jones Lang LaSalle, despite being handicapped by disproportionate levels of new supply, Dubai will nevertheless experience sustained growth in rentals and prices by the end of 2011.

Another fact helping the sector is new government regulations designed to restructure the market. Restructuring coupled with the mega developer's (Nakheel) agreement to settle claims with 80% of its trade creditors as it pushes towards the 95% threshold required to confirm a restructuring agreement has filled the market with optimism.

Another reason influencing the pace of recovery is the use of new business models by real estate developers and Realtors. New companies like Brix Property Partners and Kleindienst Real Estate have changed the way real estate companies work in the region and have done a marvelous job in restoring investor confidence in the industry. For instance Brix Property Partners has set up a complaints wing designed specifically to handle client grievances.

The Brix Property Partners complaints department offers unparalleled fiscal transparency and provides dedicated support to boost client interaction and encourage investment in the sector. The use of "boiler room" pressure tactics is also fading - this enables Realtors to meet interested clients in a much more natural setting, and helps them to understand client needs and budget requirement before actually taking on the job. Such new technique dissipates pressure and helps both the real estate firm and the client to better evaluate opportunities.

All these factors coupled with a fall in mortgage rates, stabilization of rent and demand, and an influx of refugees from regional uprisings is playing its part to help boost the property sector. Indeed this is the best time to meet demand as it raises and invest in Dubai property market.

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