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 >>

 
  Share

Increased supply benefits investors

Dubai, UAE; 4 October 2018: The lower prices of properties driven down by supply in the lead up to Expo2020, coupled with government incentives for investors and retirees, will open options to UAE real estate investors who seek to capitalise on a wide selection of units to grow their portfolio, an expert has said.

According to Cityscape Global's data partner, Property Monitor, their index on the on the 12-month average price performance for apartments and townhouses sits at a 3.4% decline, stating the average sales price for Q3 were AED1.2 million and AED1.9 million, respectively.

Market analysts, Reidin suggest this decrease is due to a reduction in project launches by the developers and end-users focusing more with ready properties.

Shruti Jain from Reidin, said: “Based off of developer announcements and the current materialisation rate of 40%, 11,500 units are expected to enter the market for the rest of 2018. As per developer launches, we are expecting more than 100k units in the next couple of years. As this trend of supply continues, we will witness a huge influx of supply towards the build up to Expo2020, meaning investors will be spoilt for choice.

“The market is moving towards being more value driven and what we opine is ‘price is king'. Investors are going to put their money where they get a distinct price advantage, regardless of the off-plan market.

“Additionally, the five-year renewable residency visa that was announced for expatriate retirees could benefit the overall economy, particularly the real estate sector. The result of this, however, will only be visible after it has been implemented.”

Providing clarity on challenges faced by investors, the new Cityscape Business Hub which ran on the exhibition floor throughout the event created a platform linking international and local decision makers across a wide selection of organisations involved in the real estate market.

Through exclusive sessions put on by experts at the Business Hub educated and informed guests on a number of topics that are pivotal in shaping the industry for developers, investors and professionals.

Dr. An Naas Rawoo, an investment specialist for Smart Multi-Property Developments who attended the Business Hub believes Dubai's strength lies with its continuous development and reactive change to accommodate international investors.

He said: “I was thinking about Canada or Australia but the new law of 10 year residency and 100% ownership made me think about Dubai seriously. As an investor, I feel the government is creating an environment for foreigners to feel safe and encouraged when buying a property.

“I predict we will see an influx of investors coming to Dubai because of Expo 2020 because of the government's preparation, introduction of new laws, and the emirate's unique location as a central hub for surrounding countries, we will see a thriving culture for investors.”

Highlighting the best of the UAE's real estate industry, the Cityscape Awards for Emerging Markets announced its winners on Tuesday evening and saw top developers, architects and professionals come together to celebrate the best projects in the country.

The UAE secured itself as the leading country, picking up five of the 15 categories including the awards for best future commercial project, best built and future leisure and hospitality project, best future medium to high rise residential project and the affordable housing project.  Other countries to be honoured included Saudi Arabia, Turkey, China, Malaysia and the Maldives.

Cityscape Global will return the Dubai World Trade Centre from 10-12 September 2019; this year's event was supported by Foundation Partners: Dubai Holding and Nakheel; Platinum Sponsors: Eltizam Asset Management and Marjan Island and; Silver Partners: Noyanlar and Tamleek Real Estate; and Strategic Partner: Dubai Land Department.



Posted by : GoDubai Editorial Team
Viewed 8692 times
Posted on : Thursday, October 4, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : 5 reasons why construction is a growing industry in Dubai
Next Story : AED38.7 billion worth of projects totalled from five exhibitors out of 300 at Cityscape Global
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
Nothing says ‘I love you' quite like MKS Jewellery Valentine's Day Top Picks
Delightful Duo Of Elegant Timepieces Make For A Special Valentine Day's Gift
Great offers this February on Glambeaute.com
Mesmerizing Gift Sets and Perfume for Her
Classic Smoky Eyes with Essence
Introducing Supergirl Make-Up
Valentine's Day Gifting Guide
The Rado HyperChrome Ultra Light
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators
Le Meridien Al Aqah Beach Resort Rolls out Fabulous Deals for February
The Valentine watch collection by Coach
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And ...
GUESS Launches JEANS SS19 Collection for Women
GUESS Launches Kids Collection
212 VIP Extra Limited Edition
NuFACE launches in Bloomingdales and Harvey Nichols!
Emirates Post commemorates silver jubilee of Emirates Center for Strategic Studi...
Billy is 40 years old..
Deadline extended to register for first ever Dubai Corporate Sports Championship
Lenovo announces Lenovo Truscale™ Infrastructure Services – a consumption-based,...
The Fall 2019 Michael Kors Collection Runway Show
Chrono 4 Grande Taille Limited Edition - another classy reiteration of an iconic...
Dubai's first building biologist receives global recognition
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, bef...
Pirelli gives New Ice Zero 2 Studded Tyres Their Debut on Ice in Sweden at the W...
Exclusive position in the front row of the grid: The BMW M850i xDrive Coupe Firs...
Is the runway ready for HONOR View20 Moschino edition - the season's most covete...
Caroline Wozniacki chasing more success at Dubai Duty Free tennis championships
UAE supermarket chain Al Maya group to launch products from Woolworths Australia
Robinsons to launch its new luxury lighting department – the latest addition to ...
Valentines Day Gift Guide from Anker
Create a Valentine's meal to remember with LG
Airbus and Emirates reach agreement on A380 fleet, sign new widebody orders
GSK sets to improve antibiotic adherence in the UAE with a new patient-friendly ...
Dubai Cares and UNICEF announce the Dubai Declaration on Early Childhood Develop...
Jaguar Land Rover expands Ingenium family with straight six-cylinder petrol engine
Greece partners with VFS Global to launch Visa Application Centres in the Kingdo...
Abu Dhabi University and Knowledge Group to participate in IDEX 2019
Wellness Saturdays with H Retreats
Okadoc helps UAE patients find a doctor and book an appointment online instantly
10 things you didn't know about Space Grill
39 days shopping extravaganza brought grand success to 13 participating malls
Zayed University inaugurates largest Bloomberg Finance Lab in the Middle East
Customs World develops RIISE: first of its kind leading-edge Customs platform
6.5 million worth of prizes won by jewellery shoppers this Dubai Shopping Festival
Aster doctors rescue 25-day old baby from rare flesh-eating infection
HH Sheikh Saeed Bin Hamdan Al Maktoum Cup First Ever 30 Goal Handicap Exhibition...
The Retail Summit officially opens
Aetna supports Dubai Cares' Walk for Education with sponsorship
WCU: Commodity markets roll over as macroeconomic concerns weigh