K
KellySplitz
Guest
Normally in any country, it is the domestic demand that fuels investments in infrastructure development from the part of the government or the private sector. However, in places like the UAE, housing development is determined to a lesser extent by demand from domestic sources and to a greater extent by the number of migrants from other parts of the globe that require housing amenities. In fact the pro-expatriate policy of the state government has led to major developments in almost all areas of the UAE economy.
National governments in the developing countries are grappling with a host of issues that prevent them from providing at least the most minimum housing amenities for their ever growing population. In most of the metro cities in the third world there is no security for a property being occupied by the urban poor. Thus there is no chance to upgrade the housing amenities because if the government funds need to be spent, then there should be proper documents to identify the ownership.
Speculative property markets are seen to appreciate in value over a period of time and fall apart later on. This applies much pressure on the government to develop the necessary housing amenities. However, in countries like the UAE, even though a semblance of speculation is allowed, the government controls always take corrective steps to ensure housing for all.
To rent a property in a prominent locality, speculation or bidding may take place if there are many takers for the property. But, if you are signing an agreement for a long period of time then you can negotiate the rentals to affordable levels.
National governments in the developing countries are grappling with a host of issues that prevent them from providing at least the most minimum housing amenities for their ever growing population. In most of the metro cities in the third world there is no security for a property being occupied by the urban poor. Thus there is no chance to upgrade the housing amenities because if the government funds need to be spent, then there should be proper documents to identify the ownership.
Speculative property markets are seen to appreciate in value over a period of time and fall apart later on. This applies much pressure on the government to develop the necessary housing amenities. However, in countries like the UAE, even though a semblance of speculation is allowed, the government controls always take corrective steps to ensure housing for all.
To rent a property in a prominent locality, speculation or bidding may take place if there are many takers for the property. But, if you are signing an agreement for a long period of time then you can negotiate the rentals to affordable levels.