GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> LifeStyle

 
  Share

Dubai, UAE, January 7, 2016:

In Dubai, there are several opportunities to buy and rent property at attractive prices in certain locations.

The secondary and off-plan markets of Dubai have vendors and developers that are offering fair prices, reasonable payment plans, as well as new stock and finish levels to attract buyers.

Hussain Alladin, head of research, GCP Properties said, 'Dubai has been a buyer's market for over a year now, with prices moving lower and developers offering not only discounts but also an increasingly imaginative array of payment plans in order to stimulate purchases. We believe that this trend will continue for the foreseeable future, until renewed spending catalysts and an expansionary fiscal policy take hold in the economy.'

Similarly, Declan McNaughton, managing director of Chestertons UAE said, 'Buyers have a lot to choose from in the current market. Uncertain economic conditions and a high number of off-plan projects at competitive rates have also swung the market in favor of buyers.'

Many experts in the real estate market believe that apartments for rent in Dubai can also open the doors to people buying homes.

Declan King, director and head of real estate at ValuStrat consultancy said, “The second half of 2015 revealed a slackening in the rate of price decline, with some evidence of improved appetite among buyers, especially tenants hoping to move into home ownership – with the incentive of monthly mortgage payments for less than their existing rent.”

King also believes that some areas will continue to experience price declines well into 2016, subject specifically to the delivery of increased volumes of new stock, and feels that the next 12 months may represent a window of price stabilization in Dubai.

According to Reidan, a leading real estate information company focusing on emerging markets; property prices of Dubai in 2015 have seen a 12 percent decrease and rent has seen a two percent fall.

However, Alladin believes that the price drop is actually between 20 to 25 percent based on the analysis of transactional data.

Thus, this information makes prices very attractive for buyers.

Given the interest of buyers and Dubai's expected job expansion in the near future, this will only increase the demand in apartments and homes.

With property owners liquidating property to protect its value, they have become more open to meeting buyer demands.

Although the current real estate market in Dubai looks promising in 2016, since it's still an emerging market it is highly recommended that investors, landowners and landlords, take the proper precautions when dealing with their property value. This will help them reevaluate their relationships with any interested buyers.


Posted by : GoDubai Editorial Team
Viewed 47281 times
Posted on : Thursday, January 07, 2016  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Investor and End-User Demand Trends, Not Supply, Push Prices Down
Next Story : GCC invetstors considering Poland's lucrative residential property sector
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Bourjois Healthy Mix
Prada Luna Rossa Carbon
Kids Get Groovy in COÉGA Sunwear Spring/Summer 2017 collection
Bourjois: Blow a Kiss for Mother's Day
Paul Marciano and Al-Futtaim Celebrate GUESS' 35 Year Anniversary with Spectacul...
Eco-Drive FD2033-52W: Elegant timepiece from Citizen
BIODERMA Introduces Photoderm NUDE Touch SPF50+
Introducing NEW Olay Regenerist Microsculpting Cream SPF30
Bridging refinement and watchmaking know-how Golden Bridge Rectangle
BIODERMA launches Photoderm Brume solaire MAX SPF50+
Longines Global launch of Conquest V.H.P.: a new milestone for quartz technology
Invigorate your eye care routine with FOREO's next generation eye massager, IRIS
RAYMOND WEIL Freelancer Chronograph Inspired By the “Gibson Les Paul” Guitar
Cocktail and Bridal Couture by International Brand Label based in Dubai, Kara by...
Elizabeth Arden: White Tea fragrance
Are You Ready for World Class Pinoy at Max's?
Celebrate Life's Key Moments with Mouawad Jewelry
Elizabeth Arden: Eight Hour® Miracle Hydrating Mist
Gucci Eyewear Spring/Summer 2017
Kara by KK: Wedding Season - Fashion Product Placement
Nautical & Floral Designs take center stage in the Max' Spring Collection 2017
Browz's Lip Blush Treatment is Perfecting the Pout
A Homage to Cuba for Spring/Summer'17 by F&F
Ulysse Nardin Jade “Grand Feu”
Burberry Eyewear: His and Hers
Doha Bank named ‘Best Trade Finance Bank' in Qatar at Global Finance Awards 2017
Clearly Corrective Brightening and Smoothing Moisture Treatment
Lose the Back Pain at Work
Danube Dubai Fashion League showcases stunning designs amidst UAE's fashion elite
World's Best Family SUV – the All-New Land Rover Discovery Makes its Debut in th...
Al-Futtaim Relaunches Household Electronics Brand ‘Aftron'
Re - Salons and Spas celebrate Women's Wellness on International Women's Day
Sharjah Museums to Open Unique Photographic Exhibition of Muslim Communities in China
Breakfast to Be Available Around the Clock as McDonald's UAE Launches National B...
Centrepoint Wins Double Gold at Dubai Lynx for Sale Film
IKEA Spreads Cheer on International Day of Happiness
Hassan Al Qayedi, Afra Al Badi emerge champions in Fazza Championship for Shooti...
Danube Properties Launches Eight Realty Project ‘Resortz'
UAE Research Program for Rain Enhancement Science takes its call for innovation ...
LG shares insights on the six trends changing the mobile landscape
Etihad Airways Crowns Winner of ‘Taste the World' at Taste of Hong Kong
Technology and Innovation Key to Leveraging Heavy Oil's Untapped Potential, says...
LG Steals the Spotlight With Record Number of 2017 if Design Awards
Treat your mom this Mother's Day with Huawei
Art Jameel enters new phase of development
Cancer and Heart Disease Account for 85% of Critical Illness Claims in the UAE
Customs World inks cooperation agreement with Dominican Customs
QNET Wins 2016 Sitecore Experience Award for Omnichannel Automation: Best E-comm...
The UAE Goes Green for Ireland's National Day
Etihad Airways to Launch A380 Flights to Paris