Real estate investors need to make the division between local salary levels and levels of throwaway income. If the average salary is $100,000 per year, but that person can only afford a 2 bedroom apartment in the local city, these people won’t be shopping at the local high-end fashion boutiques! How much residents have left at the end of each month is a key economic factor in evaluating a neighborhood for commercial Dubai property. This means you have to look at such factors as the local cost of food, rental housing, utilities and other factors that can pressure the lifestyle of those in a fastidious neighborhood.
Friday, December 22, 2006
Commercial Real Estate Market
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