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 11206 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
Chloé Launches The New Cloud-shaped “rosie” Sunglasses
Max Mara Resort 2020 Collection
BYS COSMETICS Now in UAE
Tissot Introduces Chrono XL 3x3 Street Basketball Special Collection
Saint Honore
VBQ-presskit-denim-70s Capsule
Introducing the Swim and Beachwear Summer Collection from Marks & Spencer
Hackket's Bags of Style
Ministry of State for FNC Affairs Launches Forum Titled ‘Political Empowerment i...
New Land Rover Defender Completes Tusk Testing to Support Lion Conservation in Kenya
Natural and gentle haircare essentials for your little ones from Fifi & Friends'
Eberhard & Co. Alfa Romeo Limited Edition
UAE and Oman bodies sign MoU to jointly promote Internal Auditing
Rado Captain Cook Automatic Limited Edition with travel case'
Jaguar Land Rover & Bmw Group Announce Collaboration for Next Generation Electri...
The Economic Times recognizes Malabar Gold & Diamonds as one of the Best Brands 2019
Kickstart your summer workout with Ibn Battuta Mall's free indoor family Fun Run
Vincitore Realty sells out 108 homes in the Dh375 million Benessere project in j...
OMEGA Rocket Engine - Introducing the Master Chronometer Calibre 3861
Sony World Photography Awards Reveals New Categories for 2020 and Latest Sony Gr...
Historic Opening of Coca-cola Arena Gets the Seal of Approval From Thousands of Fans
Britain's Greatest Test Driver, Norman Dewis Obe, Passes Away
The Gucci Runway Makeup Looks for Cruise 2020
Jennifer Lopez in Ralph Lauren
CEO of Etihad ESCO, Ali Al Jassim's Statement on World Environment Day 2019
Aston Martin Produces First Cars at St Athan
The SS19 Exclusive Edit From Etoile “La Boutique''
Certina DS PH200M collection'
ZAAM Launches a spin on their iconic Polyhedron bag
Empower launches summer campaign to reduce district cooling consumption for the ...
Electricity Most Searched Fuel Energy Term Online in UAE
Sharjah Chamber to Take Part in the 11th Edition of the World Chambers Congress ...
Backseat battles: kids driving their parents to distraction – and danger on the ...
Dubai Cares supports 3-year teacher training program in Ghana to boost early chi...
Dan Martin Returns to the Road to Lead UAE Team Emirates at the Criterium Du Dauphine
Dp World, UAE Region's Strategic Solutions Boost the Automotive Sector
Resolution: Airlines Urge Governments to Adhere to Global Slot Allocation Guidelines
Choose the perfect fragrance this Father's Day with Rasasi
Ibn Battuta Mall Eid Al Fitr Celebrations
Emirates NBD highlights commitment to preserving marine biodiversity on World Oc...
Constructsteel Conference to take place in the Middle East for the first time
BMW Group and Jaguar Land Rover announce collaboration for next-generation elect...
Musabih heads Dubai Customs delegation to WCO IT/TI Conference & Exhibition in A...
Long-term visa granted to Dr. Azad Moopen & wife
123 readers led Taraweeh prayers during the holy month of Ramadan
Turkish Airlines added Strasbourg to the list of its destinations in France
Team Abu Dhabi Looking Good in Double Title Chase
Lukoil Marine Lubricants strengthens its collaboration with KOTC
KLM Royal Dutch Airlines to Host 76th IATA AGM in Amsterdam
The Health & Hygiene Industry Rises in MBLM's 2019 Brand Intimacy Study and is t...