Activity

Dubai is an ideal spot to work and live. This is one place that grows day by day regarding construction of new buildings. Dubai real estate prospers every year even though there was a surge in the property market during the past few years because of recession. Dubai is the best place to live. The soaring number of immigrants every year is the proof for it. It is just a hub of most modern lifestyle and accommodation. Noted builders and developers thrive in Dubai by competing with one another in building the best villas and apartments anyone can offer. Because of this Dubai realtors and investors consider this as the ideal spot to invest in the property sector.

The upsurge in population before recession badly affected the Dubai property sector, causing a steep fall in rent prices. But by the final quarter of 2010, the situation seemed to improve. Though property development is a usual process in Dubai,, it isn’t very easy to obtain the ideal property investment because the choice is oceanic. Rigorous analysis and investigations only will cause you to make the best Dubai owning a home. Property investment is also directly proportional to the finance you can bear. Dubai property market snapshot:

Residential Rents:

? Average apartment rental price down 8.2%, compared with 11.8% Q2 2010.

? Average villa rental price down 4.2%, compared with 6.1% previous quarter.

Branded residences :

? Average apartment sales price down 8.7%, weighed against 5.7% Q2 2010.

? Average villa sales price down 4.3% compared with 4.7% Q2 2010.

Commercial:

? JLT, Emaar Square, Business Bay and TECOM rents remain stable from Q2 2010.

? DIFC offers highest rent in the Emirate at around Dhs250 per square foot.

Industrial:

? Prime Industrial rents remain stable Q2 2010 – Q3 2010.

? Al Quoz and Jebel Ali offer highest rents in the region of Dhs30 per square ft.

? The international property investor has re-entered the marketplace, attracted by the bluechip logistic occupiers.