Dubai Property Still Looking Wise

Markets don’t always behave in a rational and expected manor, and the Dubai freehold real estate market is now showing a strong tendency to go along with the idea.  Recently the Dubai real estate market has seen a number of incidents with regards to off plan properties. With misconduct and irregularities in some companies now been looked into, you would think now would be as good a time as any for investors confidence and property sales to take a hit? But is this actually the case?

It’s only fair to first point out that property sales to foreign investors is a relatively new thing in Dubai, and that at one point not so long ago, all property here was off plan. Almost all buyers of off plan property have been extremely satisfied with their purchases, and many have made some large financial gain too. So how does all this effect today’s Dubai real estate market? Well, whilst the large majority of developers in Dubai have proven their worth, the recent headlines may still make some buyers think twice about off plan property; for the time being anyway. But with Dubai rapidly developing, and the population growing daily combined with extremely high rental prices, people still need somewhere to live! And this now looks to be brining surge in demand for already completed property.

And with completed properties not being in a endless supply here in Dubai, we have the classic high demand limited supply scenario, and I think we all know that leads to one thing, and that is price increases!  The timing all of the recent events are also of importance, as autumn is typically when Dubai will welcome its largest influx of expat workers to the Emirate. And with falling mortgage rates, it still makes more sense to purchase a home in Dubai, despite all the global economic turmoil. You need only compare prices in Dubai with other large cities to see, that there is still a large way for Dubai property prices to increase in order to gain parity with other large trading and business cities. With all that’s going on in the world and Dubai at the moment, it would makes sense to expect a property price downturn, but then like I said before, sometimes things just aren’t that simple. 

Sell Dubai property with us, we are seeking owners properties for sale to offer to our investors.
 

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