When
Dubai’s property prices
began soaring late last year, the International Monetary Fund warned- Bring in
more regulations and keep the price growth steady. Of late it appears that
signs of overheating have started waning. Factors behind this cooling off
include tighter government regulations and an increasing mismatch between buyer
and seller expectations.
New
regulations by the government such as doubling the transaction fee to four percent
and capping mortgages has had a significant impact on Dubai’s real estate
market. The market is much better regulated which means every residential
property development that has started, or even launched, will be completed. The
government is scrutinizing the sector keenly. Experts assert that Dubai is
growing at a reasonable pace to absorb all the new supply that these
developments will bring.The solid choices for the future would be anything on
the Palm Jumeirah or in the Dubai Downtown around the Burj Khalifa, the world’s
tallest building. The serviced apartments are selling well and could prove a
big winner, provided the rental side of the operation is run properly. A shrewd
and long-term view of Dubai real estate shows that one can make a lot of money
and also enjoy an exceptional lifestyle.
Most popular Dubai property locations
After
a successful year that saw Dubai property prices go from strength to strength,
real estate specialists have revealed the emirates most sought after areas
to acquire the best residential investments.The incredibly popular Dubai Marina
continues to take the top spot in terms of the favourite place to buy or rent
in the city. Most surprisingly, the Dubai Sports City showed the most growth in
terms of popularity.
The
broad recovery in the residential market is pushing up sale prices and rentals
across most areas, including mid-market communities such as Dubailand, Jumeirah
Village Circle and Dubai Sports City. Dubai’s property market has clearly
rebounded with prices increasing by over 20 per cent even as new projects get
launched every other week. Real estate demand is only likely to inch higher, so
if one wants to put money into a home or office, these are the communities
where owning and renting seem to make sense.Several new major residential
project launches have been announced in the emirate, and it seems that a
healthy demand for real estate is apparent in Dubai.
 |
| apartments for sale in Dubai |
Up until now, semi
furnished or unfurnished apartments for sale were readily available in Dubai.
But now, the growing trend is of more and more fully furnished apartments
coming up. These apartments come fully spaced out with furniture and fittings,
which make convenient living truly possible, as then buyers don’t have to hunt
for furnishings. Additionally if buyers wish to make new changes, they can go
ahead and make those additions. Many of these plush apartment units boast of
elegant interior décor and exquisite designs, which make quality living a
possibility.
Apartments are also
offering a setup, which is fully loaded with commonly requested services like
laundry etc, which otherwise only a hotel offers. And most of these apartments
are on sale at competitive prices. Purchasers also find their apartment homes
loaded with electronic gadgets- large TV, AC, and DVD player. Most of Dubai’s
fully furnished apartment units come with broadband Internet generally
available 24*7. Every room in the apartment boasts of good storage capacity and
fully functional kitchens with kitchen appliances. Other amenities offered by apartments for sale in Dubai
include swimming pools, gym, conference halls, covered car parking area etc.
No comments:
Post a Comment