Real Heights Real Estate Broker

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Dubai:  Total investments in Dubai's real estate sector exceeded Dh58 billion during the last quarter of 2008, representing a drop in comparison to the previous quarter of 2008, according to REIDIN.com, an online property tracker.

"The statistics reflect the current economic downturn, which has affected the property and real estate market in the region," a statement said.

"However, this has also created opportunities for regional and global investors to benefit from."

Amidst the implications of the global financial meltdown, Dubai is still regarded as one of the fastest-developing economies in the world and as a gateway to other regional and international markets.