Dubai's Property Market Is Most Definitely On The Turn

Img Jbr

We hate to say it, but word has it the time to buy in Dubai was a couple of months back. 

Speaking to the National, Dubai broker Core Savills said that although prices in some communities are still falling, prices in more popular areas are back on the rise.

Areas such as Dubai Marina, The Springs, Arabian Ranches

These are the spots that are once again seeing an increase in purchase price. So although prices in some communities are falling as there are still plenty of units avail for sale, that does not mean the entire property market is on the decline. Areas have highs and lows at different paces.

'You have to look area by area, and I think the good areas have already bottomed."

Dubai broker Core Savills​, speaking to the National

It's a buyers market...

A report from research Global Capital Partners compared the last market crash with the dip the property market is experiencing now. While previously 'prices fell faster and sharper', the market movement is a lot more gradual this time. With less high highs or low lows. It's safer.

If you're looking for a two bed apartment, here's what a standard 2 bed will cost you in some popular areas

(See Dubizzle for more info)

1. 2 Bedroom Apartment at Centurion Residences in Dubai Investment Park - AED 1,073,163

Screenshot 2016 10 03 At 7 49 55 Pm

2. 2 Bedroom Apartment at Sulafa Tower, Dubai Marina -  AED 2,000,000

Screenshot 2016 10 03 At 7 47 55 Pm

3. Canal Residence European living 2 Bed -  AED 1,645,00

Screenshot 2016 10 03 At 7 46 30 Pm

4. 2 Bedroom in Business Bay with Burj Khalifa View - AED 1,888,000

Screenshot 2016 10 03 At 7 52 26 Pm

Written By

Casey Fitzgerald

You'll find Casey teaching a class full of kids by day and eagerly restaurant hopping by night. Always excited about unique dining experiences, she never eats at the same place twice...

Comments