Dubai real estate: The return of the king?
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Sat May 27, 2017 5:28 pm

 UAE. A peak into the price cycles and unit launches reveals that developers have always tended to gravitate towards the higher end of the price spectrum in upmarket cycles to capitalize on the higher margins.

Developers anticipated the current downturn and the greater demand for mid-market units by reducing the number of luxury launches as far back as 2012, reversing the trend in 2016, just as prices began to plateau.

Whilst there is a confluence of reasons for this, we opine that as demand for the luxury segment signals a comeback, developers have responded by scaling up the launch.
 
The charts reveal a dichotomy in terms of price performance in the current cycle, when dissected through the lens of apartments versus villas. In the current cycle, prime apartments underperformed city wide on the upturn, whereas the reverse was true in the villa space. On the downturn, apartments, both prime as well as city wide fell in tandem, whereas in the villa space, the price correction in the prime space has been greater than the city-wide index.
 
Given the fact that the zeitgeist has been dominated by "affordable" or mid-market communities for the last few years, the general consensus that the luxury segment has underperformed appears to be factual. 
 
To read the full report click here: http://bit.ly/2qvd98H

Click here to read this article complete with graphs on the REIDIN website

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.

For more information, pleased visit www.reidin.com

About Unitas
Unitas believes in in-depth planning and discipline as a mechanism to identify and exploit market discrepancy and capitalize on diversified revenue streams. The purpose of Unitas is to manage, direct, and create wealth for our clients.

For more information, please visit www.unitasconsultancy.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 23, 2017
INTERNATIONAL. IEA; Banning Uber, and clamping down on the Gig Economy more generally, is a restriction upon freedom of choice.
date:Posted: September 20, 2017
UAE. The latest BNC Network report shows 543 hospitality projects are active in the UAE - reflecting the vibrancy of the leisure, tourism and the entertainment sectors.
date:Posted: September 18, 2017
SAUDI ARABIA. A new report by executive search firm Metin Mitchell & Co highlights the confidence that Saudi women feel about their working futures and what needs to be done to increase the number of women in the workplace.
dhgate