Why this is the right time to buy property in Dubai
Filed on August 29, 2016
Cityscape Global in association with REIDIN offers you a clear explanation why now is the right time to buy property in Dubai.
Dubai Real Estate has always been a hot market for investors from all over the world due to strong capital appreciation and higher rental yield. When we compare transactional activity with real estate prices for the last 5 years, we have observed that there is a strong relation between residential transaction volumes and real estate prices with the lag of 6 months.
Based on the comparison of residential transaction volumes and price trends, the level of residential transactional activity leveled off at the end of 2015. There has been a consistent increase in the level of transactions throughout 2016; except in July, as it is beginning of summer season coupled with month of Ramadan, which generally transaction activity slowdowns due to working hours. In the meantime, Dubai’s residential market price index has remained flat.
The historic correlation between the transaction activity and prices index suggests that a new real estate cycle may start within the third quarter of 2016 leading to an increase in property prices. This combined with Dubai’s economic growth rate, more balanced supply and less dependence on oil suggests that there is likely to be a positive correction upwards; leading to great rental yield and capital value appreciation for investors who act now. *
With only 2 weeks to go, it is the right time to start planning your trip down to the DWTC from 6th until the 8th September, where Cityscape Global will offer the investors and homebuyers the chance to meet with developers including Emaar, Damac Properties, Meydan Group, Meeras, Nakheel, Dubai Holding, Deyaara & more. and benefit from exclusive promotions, which are only available at the exhibition.