Let's discuss the top book on the Dubai real estate market, which provides a comprehensive overview of the industry, encompassing the history of its development, an analysis of its current state, and projections for its future. The author, Michael Waters, explores the key economic and political factors that have shaped the market, including its reliance on foreign investment and the influence of the global financial crisis. He examines the legal framework governing property ownership, sales, and leasing, focusing on the specific practices prevalent in Dubai. The text further explores the intricacies of valuation and appraisal, highlighting the unique challenges posed by the market's relative opacity and the need for transparent data. Finally, the author delves into the emerging field of sustainable development in Dubai, highlighting the city's growing emphasis on environmentally responsible practices and the potential for a "green premium" in the real estate market.
