The Dubai real estate market is always luring for the Indian investors and that is the reason that Indians are largest Non - GCC investor in Dubai. Even total Indian investment is larger than sum of second and third largest non GCC investors i.e. Britain and Pakistan.
the fact that Dubai real estate market has not shown appreciations in
last few years, Indians has continuously shown patronage. However now
it seems that good days are nearby for such investors who either have
invested in lean time or planning to invest soon.
property experts are unanimously agreed that the good time is nearby
and they have some very solid reasons behind this opinion. Analysts
are certain that Dubai residential house prices will rise next year.
The lower and mid-market segment may see the recovery fast while
prime segment may take a little more time.
JLL & Dubizzle and
forecasting that Dubai’s property market will recover much
faster than the end of next year, which other agencies like Cluttons
three brokers expect house prices and rents to rise at various points
next year as
emirate’s economy recovers and
jobs are created to build Expo 2020 infrastructure
are many more reasons like rise in crude oil prices will also support
the economy of middle east region.
to the report by property broker JLL and website dubizzle, average
asking rents and sales prices in the city are 4 per cent lower than
they were a year ago. However, during the third quarter they remained
largely unchanged. This indicates that rental prices are now seen the
bottom and will start increasing soon. The property price will follow
the same pattern.
in sales prices also support above opinion i.e. the market poised
close to the bottom of its current cycle with no movement in Q3 2016.
broker Core Savills said that it had already seen an increase in
sales prices in some of Dubai’s lower to mid-market,
sub-markets. Also the prime segment indicates further room for price
softening before marking an expected uptick in 2017.
Property portal said that more than half of its online property
searches for rental homes were for homes advertised at Dh100,000 per
year or less, yet properties within this range account for only a
quarter of listings.
recommend buying property having annual rent lower than AED100,000
which has high demand right now and there is no reason that property
price for that segment will not increase.
author is Chief Strategy Office of Digital
is a globally prestigious Digital
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real estate industry.