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- The buyers, especially high-net-worth individuals (HNIs) looking for long-term gains, are attracted by soft market conditions that offer unprecedented offers on luxury real estate.
Top 3 Locations Preferred By Homebuyers In DubaiOwing to factors such as an increase in stock in the secondary real estate market and a rise in the cost of living, rates of resale properties in Dubai witnessed a certain correction in the recent past, say industry reports. In that light, let’s explore some of the ideal locations for apartments in Dubai.
Luxury Property Are Back As Dubai Buyers’ FavouriteConsidering the property price difference between general and prime properties in Dubai is widening, experts believe that it is a sign of rebound for luxury properties.
Is Oversupply Harming Dubai Realty?Despite various significant initiatives and broad-based recovery in oil prices, property prices in Dubai are under pressure mainly due to rising volumes of supply. Also, with transactions running at approximately 25 per cent lower rates on a year-on-year basis, launches by developers have also slowed down.