The steep worldwide oil price decline and the strengthening of the US Dollar against other currencies (EUR, GDP, INR, and RUB) during the past few months have lowered the investors’ sentiment in the country. The slowdown in the volume of sale transactions during the last four months is attributable to the high number of off-plan developments that were unveiled recently; to keep buyers’ interest high developers offer more flexible payment plans to their clients.
In terms of rates we witnessed rising sale prices for apartments in Dubai prime communities last quarter. The villa segment picked up at the beginning of the year, a fair sale price increase was recorded year-on-year.
[…] would first like to welcome all our new partners who have contributed to Property Watch magazine for the first time. This, we hope, will help meet the soaring interest from all those who […]