Dubai real estate - don't be down
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Tue November 22, 2016 12:23 pm

UAE. A closer examination of price trends reveals that from its apartment peak prices are still down 13%, whereas city-wide villas are down 11%. However, if you measure price change from its lows, we can witness an uptick in apartment price action by 1.3% and villas by 1.6%.

A granular analysis of communities reveals that most have rebounded from their lows except for some of the high-end apartment areas such as Dubai Marina, Palm Jumeirah and Downtown. In fact, from the start of the year a few communities such as JLT, Sports City and Springs have inched higher.


 

Transactional activity analysis reveals that from the peak the number of transactions is down by 60% from the peak. However, from the start of the year activity is up 15% (Jan 2016 vs Oct 2016), while from its lows it has rebounded by 25% (Jul 2016 vs Oct 2016). We opine that part of the reason why transactional activity has reduced has been due to the rising incidence of mortgages.

A closer look into rental changes within areas reveals that several communities have had been a slight rebound from their lows implying that a bottoming out could be on the horizon for the entire market.

To read the full report click here.

About REIDIN
REIDIN is the leading real estate information company focusing on emerging markets. REIDIN offers intelligent and user-friendly online information solutions helping professionals access relevant data and information in a timely and cost effective basis.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: March 24, 2017
UAE. New research by DMCC reveals that just under half (42%) of UK businesses have more appetite for overseas expansion in the post-Brexit and Trump administration era.
date:Posted: March 23, 2017
UAE. New report discusses the growth prospects for private sector players across six focus sectors, including agriculture, the social sector (includes health & education), manufacturing, retail, financial services and connectivity (covering transport & communication).
date:Posted: March 22, 2017
INTERNATIONAL. Aurecon's latest Just Imagine blog post by Continuous Improvement Leader, Darren Tan explains how authenticity will be the key differential in a futuristic and highly competitive market.
dhgate