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Overseas Property News
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Dubai property prices down 41%
Country: Dubai, United Arab Emirates
30 April 2009 The average price of a Dubai property tumbled by 41% in Q1 of this year, according to a report compiled by Colliers International. This is the latest of numerous reports showing the extent to which Dubai's property boom of recent years has come to a halt, in light of the global financial crisis. The 41% drop in prices between January and March followed an 8% fall in the previous three-month period. Colliers added that most speculators have now exited the property market in Dubai, and that prices were likely to continue falling.
"The heat has gone out the market completely," said Colliers's Middle East chief executive John Davis.
See Also: Dubai, UAE
Some properties in Dubai, United Arab Emirates
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Price: £105,038
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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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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: £185,606
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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: £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.
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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