Property Prices In Dubai Update

When property law in Dubai was introduced to allow foreigners to purchase real estate in freehold developments back in 2002, Dubai property prices, like the market, were very much in their infancy. However with Dubai developments capturing attention all around the globe, both the property prices and the real estate on offer has since taken off at an incredible rate. Initially buying a property here was unknown; perhaps being seen as a little risky to some, and therefore property prices were set to reflect this. Low property prices in such beautiful surroundings certainly aren’t going to stay that way for long, and this has turned out to be the case, with prices in some developments having increased as much as 800% since their launch 7 years ago. So what is the deal with Dubai property prices in today’s Dubai freehold real estate market what can investors expect to get when looking to sell Dubai property?

For a few years now, some have been saying that the Dubai property bubble was about to burst and that a property crash was just around the corner. Yet, prices kept increasing and such doom mongering proved unfounded. But what about now? Should we be expecting what according to some is a long overdue property crash? Undoubtedly property prices could not keep on rising at the speed seen a few years back, as such levels were never going to be sustainable in the long term, but does that mean property prices are really on the downward slope?

Well not exactly! Prices are estimated to have risen as such as 25% in the first 6 months of 2008. Whilst not quite the level of appreciation previously seen in the Dubai real estate market, property prices are still on the up. However now we have a situation where prices are slowing, and the market and Dubai property prices look to be reaching a more sustainable level. This should hopefully bode well for the long term health of the Dubai property market, and should hopefully dispel chances of a property crash.

Clearly Dubai property prices can’t go on increases forever, and equilibrium has to be reached at some point. The Dubai property market is unique in many ways, and as such doesn’t follow the general rules of other property markets around the globe. But does this make it immune from a property market downturn? Well not exactly, and at some point prices might well go down. However the long term health and potential of the Dubai market still remains very positive. With some much on offer in Dubai, and the great real estate being built here, you can rest assured of making a safe investment should you chose to purchase here.   

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: