Residential market and flat for rent in Dubai

The rise of Dubai's residential real estate market is slowing, as government steps to curb speculative buying. The Dubai real estate market maintained its positive performance as the residential and commercial complexes saw an increase in rents for offices in Dubai. The majority of these enquiries have been generated by firms seeking expansion or consolidation space, with a number of major international corporates seeking new headquarters in prime locations.

While the residential market is showing signs of stabilizing, the Dubai office market continues to experience rising demand with new requirements reflecting the improving state of the sector and the positive economic outlook. The free zone areas which are an important part of Dubai’s office market continue to record healthy occupancy levels. Offices in Dubai are looking out for good places which are commute friendly and have access to most of the facilities within a short distance.

Price explosion in Arabian Ranches Villas

Dubai villas have surged 24 per cent in price over the past year. Overall rental rates for apartments and villas rose by one per cent on average. There is still strong upward momentum in villa prices. Arabian Ranches Villas jumped the most in Q1, up by 10 per cent in selling price. The demand for new properties follows an increase during the first quarter in sales prices for villas of 17 per cent, compared with a year earlier. Villas are now attracting more interest from buyers who plan to live in them. Home sales increased 67 percent by value in the fourth quarter from a year earlier to 2.85 billion dirham.

Find serviced flat for rent in Dubai

According to statistics, the average achieved apartment prices in Dubai increased by 6% where as rental apartments increased by 3%. Average apartment sales prices in posh areas showed no increase in price whatsoever, but it did become a two-tier market with many more established locations increasing price by per sq. feet, while prices grew more and more at cheaper locations due to more demand in the market. Now although the market is slow, flat for rent in Dubai continue to surge in demand.

Prime offices in Dubai and their rent

 In the first quarter of this year, demand was strongest from the professional sector, which accounted for almost 40 per cent of all enquiries. Office occupancy rates in Dubai improved in the first quarter of 2014, driven by strong economic fundamentals and growing business activity in the emirate, according to a new report. With around 277,000 jobs estimated to be created by Expo 2020, more multinationals and start-ups are expected to establish offices in Dubai, providing a further boost to the commercial market in the future. Offices in Dubai will soon see a transformation in setting.