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Dubai Real Estate For Sale - Prices Falling Or Rising?

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By : Daniel McCain    99 or more times read
Dubai real estate has seen the best times among the entire international industry of the real estate. It boomed so greatly and brought big benefits to the investors and a lot of business entrants made their fortune in the flowing stream of the money generated by Dubai’s property. The boom has slowed down a little, but it does not mean the interest and charm of the investors has slowed; instead it is the high time to find Dubai real estate for sale and get what you missed the last time.

A new report shows home prices in the rapid growth of Dubai plunged 8 percent in the last three months in the previous quarter which sounds alarming, but it is not as it will open the new opportunities and the investors with low limited capital can take the benefit now. Dubai short stay and flat rent are the common practices and they are always money making schemes.

Colliers International, a real estate consultant company, issued a report recently about the condition of the real estate market of Dubai. The report reveals a decline in the prices and according to Colliers International; they have seen the decline for the first time in the last two years of their price monitoring.

The regional director of the company described the decline likely has seen the first city on the rise, as it began to allow foreigners to buy property in 2002. This decision is credited with helping turn this desert of Dubai in a metropolis with full of skyscrapers and luxurious villas by the sea. For this decline, Colliers blames the slide on tightening liquidity and investor sentiment has grown increasingly negative in recent months. In addition, the firm expects prices to continue falling, at least during the first three months of this year saying that nobody can expect the recovery in the first quarter at least. It is obvious that everyone is expecting a decline. It was said by the regional director, Ian Albert during an interview.

Not everything is bad, at least for current owners. Average prices remain 59 percent higher year over the previous year. However, Colliers said its price index has already fallen to levels not seen since about April 2008.

The price drop is not a absolute surprise. The real estate agents have been coming up with the stories from the fall of panic homeowners who want to have their Dubai real estate for sale while most of the banks have applied strict conditions for the loans as they have doubts about the recovery of the money.

Meanwhile, a number of developers and construction companies, including the emirate's largest employers have fired their thousands of workers in the recent months.

It is time when you can see Dubai real estate for sale available in the market and take the property at a lower cost. The visitors are still coming to Dubai and flat rent in Dubai and short stay are the activities that will go on. In fact, the market of Dubai real estate is now maturing and it will have the longer vision with stability.
Daniel McCain is an expert real estate consultant associated with Halcon Real Estate, a Dubai-based international real estate firm that specializes in Dubai Real Estate of all types. We deal in Dubai real estate for sale, flat rent in Dubai & Dubai short stay.

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