Dubai is an amazing place to live and work. This is a location where new buildings are being built on a regular basis. Despite a recent surge in the housing market due to the crisis, Dubai real estate continues to thrive year after year. The safest place to live is Dubai. The fact that the number of immigrants entering the country each year is increasing is evidence of this. It is a hub with the most up-to-date lifestyles and accommodations. In Dubai, well-known builders and developers flourish by vying to create the best villas and apartments possible. As a result, Real Estate Developers in Dubai and brokers view the area as a desirable location for property investment.
The growth in population during the recession had a negative impact on the Dubai real estate market, resulting in a sharp drop in rent rates. However, by the fourth quarter of 2010, the condition seemed to be improving. Despite the fact that property construction is a common occurrence in Dubai, finding the optimal property investment is difficult due to the vast selection. Only thorough research and review will take you to the right Dubai real estate purchase. Property expenditure is therefore proportional to the financial ability. A glance at the property sector in Dubai:
Residential Rents:
• Average apartment rental rates are down 8.2 percent from 11.8 percent in the second quarter of 2010.
• The average rental price of a villa fell by 4.2 percent this year, compared to 6.1 percent the previous year.
• Average apartment purchase price fell 8.7% in the second quarter of 2010, compared to 5.7 percent in the second quarter of 2010.
• Average villa purchase price is down 4.3 percent from Q2 2010, when it was down 4.7 percent.
• JLT, Emaar Square, Business Bay, and TECOM rentals have been steady since the second quarter of 2010.
• At about Dhs250 per square foot, DIFC has the highest rent in the Emirate.
• Prime industrial rents remained unchanged from Q2 to Q3 2010.
• The highest rents are in the range of Dhs30 per square foot in Al Quoz and Jebel Ali. The bluechip logistic occupiers have enticed the foreign property investor back into the market.
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