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Bayut on prices and latest trends in the Dubai housing market

07.07.2019
Price trends in the Dubai real estate market for H1 were presented lately in the H1 report by the leading Dubai property portal Bayut. Read more for whether prices have decreased, and what is maximum ROI in Dubai today.

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 renting in Dubai today. At the same time, historically more expensive areas have become more affordable for investment.

“As we approach the second half of 2019, Dubai property prices continue to be attractive for both tenants and investors,” the Bayut report said.

Price trends for the first half of 2019 show that apartments in Dubai saw a minimal decrease of 4% - 8% for both sales and rentals.

And as for return on investments (ROI), the highest ROI (9.7%) for apartments is offered today in the International City, while The Springs residential community offers average investment income up to 6.3% for villas.

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 permanent residency permit and long-term visas for large investors.”

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.

To always stay up to date with the latest analytics data and real estate prices in Dubai, subscribe to our newsletter using the form below. And in order to sell, lease or buy/ rent housing or commercial properties in Dubai, contact IMEX Real Estate. Our contacts:

Tel. in Dubai, UAE: +971 (50) 2528188 (Whatsapp, Viber, Telegram)

Toll Free Dubai: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: pm@IMEXre.com

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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