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off-plan

Dubai home prices down 20% since market peak in 2014

rental decline

Dubai residential properties have seen their capital values decline by 20 per cent since the market peak of mid-2014, says consulting firm ValuStrat. However, the steep declines have boosted sales as transaction volumes and average ticket sizes have increased across the board. Quarterly declines of more than five per cent were registered in locations such…

Demand to soon outstrip supply for Dubai homes

expo 2020

A surge of supply is expected to hit the Dubai residential market in the run-up to 2020. This is a result of the slew of off-plan launches witnessed in the past two years, riding high on incentives offered by developers. However, concern is being raised in some quarters on how demand will be generated to…

Why rent-to-own is a win-win for buyers, developers

Own a home

In comparison to mature markets such as the UK and Canada, rent to own (RTO) has not yet been cemented as a core market concept in Dubai. Although the overall objective is the same, which is to bring housing affordability closer to the end-user, mature markets have either government or private-based RTO offerings encapsulated by…

Who buys most apartments in Dubai?

Dubai buildings

Buying a property in Dubai remains an attractive proposition for those who want to park their money and generate great returns in the long term. The latest data would show that billions of dirhams are being spent by foreigners, including expatriates based in the UAE, to acquire a piece of home in some of Dubai’s…