Market stabilizing: Report

16.08.2014
The Dubai real estate sector has seen a general slowing down of growth and is on its way to stability, according to a new report. The market has been witnessing a general slowdown as the practice of "flipping" has become less common and market activity buoyed towards stability, says a new report.
Despite the modest start and the slew of laws that proved to be quite effective, apartments and houses in the UAE, and Dubai in particular, experienced controlled increases coupled with occasional strategic slowdowns, according to Bayut.com report.
The property portal noted sluggish activity in Dubai’s residential market during the first half compared to remarkable 2013 numbers. Abu Dhabi, however, successfully managed to post good numbers for the sixth successive quarter.
“Both emirates welcomed new tenants and the rents shot up as a result. Sale prices also continued to move in [an] upward direction and overall the UAE’s real estate sector performed reasonably well in the first half of 2014,” the report said.
Bayut.com chief executive Haider Ali Khan is of the view that the slowdown in the residential sector, especially in the sales of the secondary villa market of Dubai, may continue in the second half. He termed the slowdown in the market “good” for investors and said it will bring an end to the speculations and concerns of another property bubble.
“The property market of Dubai is known to shine the brightest, but like everything good, it needs to be handled with extreme care,” Khan told Khaleej Times.

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management