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: April 19, 2018
UAE. Software technology sector saw most number of professionals changing jobs in 2017; Lack of opportunities for career advancement touted as the biggest reason.
date:Posted: April 19, 2018
LEBANON. Drop due to the suspension of interest-rate subsidies on housing loans at the beginning of the year; The index is at its lowest level since Q2 2015 and the third lowest level in 43 quarterly readings; Reviving demand in Lebanon requires immediate measures and incentives from the government.
date:Posted: April 18, 2018
UAE. Speaking at the Arabian Hotel Investment Conference (AHIC), Dr. Martin Berlin, Partner and Global Deals Real Estate Leader said the issues and challenges facing Middle East Hospitality and Tourism can be grouped into five categories, collectively known by their acronym ADAPT.
LEBANON. Drop due to the suspension of interest-rate subsidies on housing loans at the beginning of the year; The index is at its lowest level since Q2 2015 and the third lowest level in 43 quarterly readings; Reviving demand in Lebanon requires immediate measures and incentives from the government.
dhgate