Since the beginning of the summer season until the end of the year the real estate market experienced slower pace of growth. Across the Emirate we witnessed sale price stabilization indeed negative price change were recorded in some areas of the city. Similarly volume of transactions in the secondary market lowered during the period. While the off-plan market is mainly driven by investors end-users are keener on investing in ready properties.
On the rental market figures move in the opposite way; Dubai rising rent rates push tenants to shift to northern Emirates where they find lower rents matching their budget.