Dubai is an ideal place to work and live. This is a place that is growing day by day in terms of new building construction. Dubai real estate thrives year after year despite the fact that there has been a rise in the real estate market for the past few years due to the recession. Dubai is the best place to live. The growing number of immigrants each year is proof of this. It is a more modern accommodation and lifestyle hub. Notable builders and developers thrive in Dubai by competing with each other to build the best villas and apartments anyone can offer. As a result, Dubai real estate agents and investors consider it the ideal place to invest in real estate.
The increase in population during the time of the recession severely affected the real estate sector in Dubai, causing a sharp drop in rental prices. But by the last quarter of 2010, the situation seemed to improve. Although real estate development is a common process in Dubai, it is not very easy to find the ideal real estate investment since the choice is oceanic. Rigorous analysis and research will only lead you to make the best real estate investment in Dubai. Real estate investment is also directly proportional to the financing it can support. Dubai Real Estate Market Snapshot:
Residential Rentals:
• Median rental price for apartments decreased by 8.2%, compared to 11.8% in the second quarter of 2010.
• Median rental price for villas decreased by 4.2%, compared to 6.1% in the previous quarter.
Residential Sales:
• The median sale price of apartments decreased by 8.7%, compared to 5.7% in the second quarter of 2010.
• Median sales price for villas decreased by 4.3% compared to 4.7% in the second quarter of 2010.
Commercial:
• JLT, Emaar Square, Business Bay and TECOM rents have been stable since the second quarter of 2010.
• DIFC offers the highest rent in the Emirate at around Dhs250 per square foot.
Industrial:
• Prime Industrial rents remain stable in the second quarter of 2010 – third quarter of 2010.
• Al Quoz and Jebel Ali offer the highest rents in the region, Dh30 per square foot.
• The international real estate investor has re-entered the market, attracted by top-level logistics occupants.
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