Uae market growth expected for four more years

The UAE property market is expected to grow for at least another four years, according to the head of Dubai Investments.

The investment firm forecasts that the real estate market will improve until 2018, as its subsidiaries plan expansions in the building sector.

"The growth cycle in UAE's real estate market has just begun," Khalid Bin Kalban, managing director and CEO of Dubai Investments, told Arabian Business.

"Generally, the real estate is a five-year growth cycle... and we are just at the start of the first year.

"So we still have four years of growth ahead of us. All indications show that this growth is sustainable. Naturally, this offers us a huge opportunity."