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 6527 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
Let It Glow
Filorga Launches FLASH-NUDE Collection
Let All Your Photos Be Merry & Bright
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
HP ProBook x360 11 G3 and G4 Education Edition
Chrono 4 Grande Taille - an extra-special timepiece
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai ...
PopSockets launches a new collection with crystals from Swarovski, the must-have...
Maintain Healthy Skin Year Round
Free gold coins at Malabar Gold & Diamonds Festival
MIDO Baroncelli Lady Day & Night collection
American Eagle Is the Go-to Destination for Gifting This Holiday Season'
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Pal...
Newby Teas Launches Advent Calendar For Christmas 2018
GAZOO Racing Wins Australia Rally at FIA World Rally Championship
The Interiors Gift Guide with Home and Soul
Tissot Chemin des Tourelles
Growth and inclusivity drive Avaya's channel strategy for 2019
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market
Time For Enchanting Moments
Holiday Handbags | GUESS
Get Ready for Party Season with Lottie's new make-up hits
Festive Gift Sets from Bubble T
Interview with Asil Attar, CEO of Al Yasra Fashion
BharatMatrimony launches office in Dubai targeting 2 Million Indians
Holiday Gifting Made Easy with Wet n Wild Beauty Specials
Winter wool Christmas must- haves
Tissot PR100 Lady Sport – Chic Glamourous Festive Season
Michael Kors Collection Transeason 2019 Press Presentation
France Attractiveness Scoreboard 2018 Released
Five-Star Euro NCAP for Jaguar's Electric I-PACE
Global Knowledge Index 2018 and The Future of Knowledge: A Foresight Report shin...
Ring in a dazzling festive season at Ibn Battuta Mall
UOWD's quality management expert wins ASQ-UAE Quality Professionals Award
New 1948 Seamaster Watches Join the Ranks'
Dubai's Most Magical Festive Market Opens at Dubai Festival City Mall
Samsung Galaxy A9 – Designed to capture the world in its fullest
Chinese Manufacturing Companies to Highlight Trade Opportunities in Middle East
Tissot PR100 Lady Sport – Chic Sporty yet Feminine
Dubai Customs wins 3 awards from Ideas UK 2018
Spinneys Dubai 92 Cycle Challenge | Road Closure Timings
FBMA and 47 Emirati women celebrate UAE National Day
New ACH145 Mercedes-Benz Style Cabin Model Highlights First Presence at MEBAA fo...
Jury Announced for Epson's First Ever Win-A-Robot Competition in Europe, The Mid...
Al Hosn Now Open to the Public
Raja Al Gurg is one of Forbes Magazine's 100 most powerful women in the world
Voting on UAE Superbrands 2019 Begins
ICAEW recognises Middle East's best finance professionals
National Hospital offering special UAE National Day Health Package for AED 47th
It's a Wrap! The Second JLT Restaurant Awards Conclude with a Glitzy Ceremony At...