2012 Will Be a Golden Year for Dubai Real Estate Market

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2012 Will Be a Golden Year for Dubai Real Estate Market

Post  umerakmal on Thu Mar 29, 2012 5:22 am

When Dubai real estate market recovery gaining momentum during the Q4 of the previous year, it led the experts to think better times ahead in 2012. Since the rate of decline in rents and sale prices had been slowed down to a significant extent, the real estate market was expected to hit bottom in the first six months of the year. The recent report of the Asteco has reported that the prediction has actually turned out to be true since Dubai real estate market is remaining steady in Q1.

The residential market in Dubai is showing mixed results since the demand of buy property in Dubai is rising across some areas while properties in other areas still seem to be in pressure. Despite the mixed results, the overall Dubai real estate market is continuing its trend of stability. On the other hand, the price of the Abu Dhabi real estate is marking considerable declines.

In comparison to the previous quarter, the rents of villas in Dubai have inched up to 1% during the Q1 of 2012, whereas the selling prices of villas have grown by 4%. The rise in the selling price of the villas is because of the increasing number of the owner-occupiers in Arabian ranches, Emirates Living and Palm Jumeirah.

For more Details Visit: http://marketingiants.blogspot.com/2012/03/2012-will-be-golden-year-for-dubai-real.html

umerakmal

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