According to the latest report on the Dubai real estate market state during the first half of 2019, published recently by the real estate portal Bayut, property buyers retain their advantage governing the general trends in the market while expecting for another price adjustment to a more attractive and affordable level.
Based on price comparisons between the first half of 2018 and the first half of 2019, we can say there is a noticeable shift in buyers’ interest in areas with competitive prices when it comes to
“As we approach the second half of 2019, Dubai property prices continue to be attractive for both tenants and investors,” the Bayut report said.
And as for return on investments (ROI), the highest ROI (9.7%) for apartments is offered today in the International City, while
Bayut CEO Haider Ali Khan commented on the new trend in the Dubai property market: “The first six months of 2019 were dynamic for the entire Dubai market. Prices in the most popular areas continued to decline, but the main trend was the growth of interest among real estate investors in the region due to the planned
This trend is also reflected in recent Dubai Land Department (DLD) report. According to the DLD, the number of real estate transactions in the first half of the 2019 increased by 33% compared to the same period last year.
“Dubai also remains one of the most competitive options compared to other major world cities, such as London, Shanghai, Singapore and Sydney, offering a similar standard of living at a much more affordable price,” said Khan.
“Naturally, each market is characterized by fluctuations, but if end users benefit from information resources, such as data on leading market trends, they will be better prepared to make more informed investment decisions,” said a high-ranking official.
“Today, home buyers can take advantage of affordable prices and make a profit, as the market becomes more and more customer-focused. In Dubai, you can find really good and smart payment plans for the off-plan housing, which are hardly available anywhere else in the world. And new government initiatives may lead to an increase in the number of new residents, who view the city as a permanent place to live, which will lead to an increase in investments in Dubai real estate,” he added.
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