Any shift in the dynamics of the market entails a change in the strategy used. This city remains to be a haven for Dubai real estate investors. Part of the reason is that the government has been implementing changes in its laws that enable investments to be easily done.
Families settle farther away from the business district to gain access to large properties in Dubai’s suburban areas. This is important information for those who are planning to purchase a residential property in Dubai.
Political tension in Dubai resulted in a continuing decline in gold prices. Prices of 22 and 24K gold are up. 22K gold is at AED162.25 compared to AED161.25 in the past weeks. 24K, on the other hand, rose at AED172.75 from AED171.50.
Dubai has become a more affordable country in 2019 to invest in particularly for expats. There are several factors that contributed to it: a continuous decline in rent, reduced fees, and fines for the government, a drop in grocery prices, lower prices in dining out, and a freeze in its school’s fees.
To be able to choose whether we must find a new apartment or renew the old, some of the factors to assess must be made. Is there any increase in the rent or any of the attached services such as parking, is the unit sufficient for the family or you need a more spacious home, and more!
The following are some of the important factors to think about before deciding to buy or rent a house in Dubai. Figure out which one is more favorable for you than the other.
Dubai is looking forward to a becoming more digital as its growth strategy veers it away from the traditional tourism, real estate, and trade. Recently the UAE announced a couple of changes in nurturing digital innovations which include the use of open data and application of higher e-commerce levels of practice and sharing platforms.
The market forecast shows that the Dubai real estate for 2019 will stay pro-buyer. There is an ample supply that is both existing and being delivered which ensures that sales prices are under pressure.
The economic recovery of Dubai was underlined in the 2013 annual report provided by the Dubai Chamber of Commerce and Industry. It was revealed that the GDP increased by 5 percent in 2013. Exports and re-exports also increased with its members growing by 8 percent.
As 2019 advances, it is only fitting to review Dubai’s property market for 2018. It’s better to talk to the authority on this like Lynnette Abad, the director of data and research at the Property Finder Group.
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