Real Estate News for Owners, Investors, Buyers, Tenants
Follow our Instagram account dubaipropertynews for property market information, trends, laws and procedures
Property Monitor’s Dynamic Price Index shows :-
In August 2020, property prices stood at AED 807 per sq.foot on average. Down 34.6% from the market peak in September 2014.
Dubai property prices are now only 2.8% away from the market low of April 2009.
Property prices are now at levels last recorded in May 2009 when they were AED 811 per sq.foot.
Property Monitor is the region’s leading real estate intelligence platform and the only data source powered by RICS-accredited professionals, bringing unprecedented transparency and accuracy to the local property markets. Email info@propertymonitor.ae
#dubairealestate #dubaiproperty #dubaipropertymarket #dubaipropertynews #dubaipropertysearch #dubaiapartmentsforsale #dubaivillasforsale #realestatedata
#realestatedubai #dubaihome
Property prices in Dubai continued an expected downwards trend in August.
Property Monitor’s Report mentions the following:-
Average property prices at AED 807 per sq.ft are just below the rates recorded in May 2009.
Property prices are now 34.6% lower than the market peak in September 2014 and only 2.8% away from the previous market low in April 2009.
Highly probable that Dubai will break previous market lows this quarter and reach new historic lows in November.
August 2020 sales activity compared well August 2018 and 2019. Pent-up and unfulfilled demand during the restrictive months of the pandemic contributed to the strong performance of August sales.
Transactions for completed properties (secondary market) continued to maintain their new-found strength with Title Deed transactions accounting for 68.4% of sales in August.
Property Monitor is the region’s leading real estate intelligence platform and the only data source powered by RICS-accredited professionals, bringing unprecedented transparency and accuracy to the local property markets. Email info@propertymonitor.ae
#dubairealestate #dubaiproperty #dubaipropertymarket #dubaipropertynews #dubaipropertysearch #dubaiapartmentsforsale #dubaivillasforsale #realestatedata
#realestatedubai #dubaihome
Dubai Metro's Route 2020 Will Impact Property Prices, Rents.
Property prices and rentals around areas connected to Dubai Metro's Route 2020 will be more resilient compared to the wider market, according to property analysts and industry executives.
They believe that rates will rise in the medium to long term but not in the short term due to oversupply in the market.
Dubai earlier this month inaugurated Route 2020, a 15km extension to the Dubai Metro's Red Line, linking Jebel Ali, Discovery Gardens, Al Furjan, Jumeirah Golf Estate, Dubai Investment Park and the Expo 2020 site. Route 2020 will have seven stations and will serve communities populated by 270,000 people.
Historically, areas up to 15 minutes of walk to a Metro station tend to outperform the wider market, says Taimur Khan, research manager at Knight Frank.
"We have seen that if you have a development in a five-minute distance of a Dubai Metro station, the market increased 51 per cent between 2010 to 2018, and if they are in 10-minute walk, they increased by 58 per cent, and 33 per cent for a 15 minute walk," Khan said.
#dubairealestate #dubailife #investment #realestate #dubaipropertynews #realestateinvestor #dubaimetro #expo2020
All Tenancy Contracts in Dubai must be registered on the Ejari system. #dubairealestate #dubaipropertynews #ejari #tenancy #lease #propertylaw
Mortgages during the Covid-19 Pandemic. #dubairealestate #dubaimortgage #uaemortgage #dubailife #covid19 #mortgagefinder admin@dubaiproperty.news
Tenants need to budget for Rent and these other Costs.
#dubairealestate #dubailifestyle #dubailife #dubaipropertynews #tenants #palmjumeirah #dubaimarina #jumeirah #villas #apartments #rent #rentalproperty #propertyinvestment
Buying residential property in Dubai. These are some of the costs involved. #dubairealestate #dubaiinvestors #investors #realestateinvestment #dubaipropertynews #palmjumeirah #dubaimarina
Real Estate has historically proven to be the best long-term investment, providing capital growth plus income growth. #dubairealestate #dubailifestyle #palmjumeirah #investing #investment #dubaimarina #realestateinvestment #realestate #dubaipropertynews
70 parks to reopen in Dubai on Monday
Reopening forms part of a three-phase approach that ends with everything open by May 25
#dubaipropertynews #dubailife #covid_19
