A cool market in Dubai’s desert

Depending upon which market sector you view, property in Dubai reveals a divergent picture, with some facets performing better than others. Overall, market recovery is still set to take time to recover.

The value of property for sale in Dubai is hugely dependant upon location, who the seller is, and what type of property it is.

Properties close to the stations serviced by the new Metro will see values rise. Mainstream vendors and landlords are holding prices higher than potential buyers are prepared to pay, and most experts believe it’s the buyers who have a realistic market expectation.

Villa rent & prices have seen a rise over the last few months, apartment values are still expected to fall slightly over the next 12 months, and commercial property value is a big concern, according to Landmark Properties.

Potential business investors looking for property to buy in Dubai, may also wish to hold off as some experts believe the value of office property may potentially see further falls of up to 50%, rewarding the patient with greater value for money.