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Overseas Property News
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Are Dubai property prices set to rise?
Country: Dubai, United Arab Emirates
7 August 2009 Dubai property experts project that property values in the emirate could be set to rise in the foreseeable future, thanks to increased demand for property in Dubai, and the introduction of less stringent mortgage lending conditions, according to Emirates Business 24/7. Affordability has improved, following a collapse in Dubai property prices since the second half of last year. A Colliers International report out this week says that residential values have fallen by over 50% in the emirate since Q3 last year. However, stringent mortgage borrowing conditions, combined with a slump in the global economy, has caused a fall in demand for properties in Dubai, as well as other parts of the world, although that is now starting to change, says Mohanad Al Wadiya, managing director of Harbor Real Estate Brokerage. “We will see a much improved level of activity in the later part of this year as,” Al Wadiya told the press. “Dubai relaunches itself as a preferred place to do commerce and trade.” Related news CB Richard Ellis has advised international property investors that the time is now right to buy property in Abu Dhabi, because the market in the neighbouring emirate is stabilising.
See Also: Abu Dhabi, Dubai, Marc Da-Silva, Overseas property investor news
Some properties in Dubai, United Arab Emirates
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Price: £162,772
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Type: Apartment
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Bedrooms: 1
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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Price: £181,616
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Type: Apartment
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Bedrooms: 1
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Considered the tallest residential tower in the world, The Princess Tower is being constructed on a 37,410 square feet plot in the Marina area, known to be one of the most exclusive and prestigious areas in Dubai.
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Price: £264,880
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Type: Apartment
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Bedrooms: 1,2,3
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DUBAI GATE 2
JUMEIRAH LAKE TOWERS
1 BEDROOM PLUS DINING ROOM
18TH FLOOR FANTASTIC VIEWS
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Price: £271,881
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Type: Apartment
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Bedrooms: 2
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £299,300
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Type: Apartment
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Bedrooms: 1
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· Project: The Fairways
· Developer: EMAAR
· Tower: T1 / West
· Type: 1 BR
· Suite area: 709 Sq ft
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Price: £435,654 GBP
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Type: Apartment
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Bedrooms: 3
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This luxurious 3 Bedroom apartment is a distress sale and is offered below market price.
Located in one of the prime Towers in the most sought after location in Dubai – O2 Residence in Jumeirah Lake Towers<
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Price: £731,763
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Type: Apartment
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Bedrooms: 3
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £1,432,557 GBP
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Type: Apartment
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Bedrooms: 1,2,3
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The Mansion at Burj Dubai is an architectural masterpiece, its unique value proposition is that all homes within the 60-storey tower open to direct views of Burj Dubai, the world's tallest building, and the magnificent fountain on Burj Dubai Lake.220
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Price: £1,864,970 GBP
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Type: Penthouse
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Bedrooms: 5
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Developer Deyaar
Penthouse, Top floor
Full lake view
Floor 38
Area: 5,765 sq.ft
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