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Overseas Property News
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Dubai property news: Market to remain subdued
Country: Dubai, United Arab Emirates
28 September 2009 The Dubai property market will remain weak to stable over the next year or so and could face further price falls, according to investment bank, EFG-Hermes. Analysts Sana Kapadia and Jad Abbas of EFG-Hermes said: “We do not anticipate any strong recovery in Dubai selling prices before the second half of 2010 at the earliest.” The analysts also believe that the Dubai property sector will also continue to struggle until liquidity returns to the UAE property market. The experts do, however, believe that demand for property in Abu Dhabi is expected to improve over the next few months, fuelled by greater mortgage lending activity. However, the Abu Dhabi property recovery could be short-lived, as cheap homes in Dubai - to both rent and buy - is expected to lure more buyers away from the Abu Dhabi real estate sector. The Dubai property sector has been hit extremely hard by the global financial turmoil, with prices falling by over 50% across some parts of the emirate.
See Also: Dubai, Marc Da-Silva, Overseas property investment news
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Type: Apartment
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An ideal investment opportunity, this studio is ideally sized and positioned to achieve excellent rental yields. Studio apartments on the marina are popular amongst business professionals looking for long term lets.
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Price: £166,348
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Type: Apartment
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Bedrooms: 1
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Price: £185,606
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Type: Apartment
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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: £194,936
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Type: Apartment
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Bedrooms: 2
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A mid-level 2 bedroom apartment, this property has stunning views of the sea and the trunk of the palm. It presents an ideal investment opportunity as 2 bedroom apartments in The Torch are incredibly high in demand
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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: £277,855
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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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Price: £286,835
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Type: Apartment
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Bedrooms: 3
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This property boasts truly spectacular views as its situated towards the top of the worlds tallest residential tower.
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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.
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