The Views - Sold Prices - Market Trends
Sold Prices for The Views, Dubai.
Author: Gareth Davies - Award Winning Broker and Property Consultant
Having worked in the residential property market for the past 38 years, I have experienced a few recessions and the slowdown in Dubai during the Covid-era. I have seen enough cycles to know that markets rarely move in a straight line.
In periods of uncertainty, during the first two months (March and April) the signs of change do not usually appear as dramatic falls in the sale prices at transfer / sale completions. This is mainly because of the period from signing a Form F (Sale and Purchase Agreement) and Transfer Day can be from one week (where no mortgages are involved) to eight weeks (where both the seller and buyer have mortgages).
More often, the signs of change show up in behaviour first: fewer decisions, slower deal flow, buyers expecting discounts and more caution from buyers before they commit.
Source: PropertyMonitor.ae
Sold Prices for Apartments.
Sold Prices for Studios
Source: PropertyMonitor.ae
Sold Prices for 1 Bedroom
Sold Prices for 2 Bedrooms
Source: PropertyMoniotr.ae
Sold Prices for 3 Bedrooms
Source: PropertyMonitor.ae
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