Dubai PR Network, Online Press Release from Dubai and Middle East
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Bayut notes resurgence in the property market of Dubai
 

Body

The real estate sector of Dubai experienced a boom and bust cycle back in 2008, when the property market was smashed by the economic and recessional dint. However, Dubai came forward with the resurgence in the realty sector within a period of four years.

Bayut.com, one of the leading Dubai property portals witnessed that the property market showed flourishing trends in the past one year and also in the first quarter of the current year. And at present, the experts at Bayut.com note that the sentiments of investors that were baffled by the depressions in property prices now seem to revivify.

Be it Downtown Dubai, Business Bay, Dubai Marina, JLT (Jumeirah Lake Towers) or other posh localities of Dubai, an overall spike in property prices is being observed in Dubai. A study shows that the property prices increased notably in the Q1 2013 and this increase was estimated to be 5.4%. Even in the past one year (March 2012-March 2013), Bayut.com noted a price hike of 18.3%.

Furthermore, a transactional hike of 65% was also witnessed by Bayut.com in 2012, which is one of the evidences of property market resurgence in Dubai. The resurgence in the market is not confined to the increase in property prices and transactional activity, as a spike in rental figures has also been observed. Whether we talk about properties, villas or apartments for rent in JLT, Downtown Dubai, Business Bay or other high-end communities, an overall uptrend in rental prices can be noticed in Dubai. 

All these factors uphold Dubai to ride high amongst the notable property markets of the world that include Monaco, London and Hong Kong. Bayut.com where one hand observes resurgence in the property market of Dubai also shows its apprehensions over the frequent property boom on the other hand. Bayut suggests that this resurgence in the construction sector must be supported by the robust factors, so that the risks related to Boom and Bust cycle could be avoided.


Posted by : Dubai PR Network Editorial Team
Viewed 18117 times
PR Category : Real Estate & Retail
Posted on : Monday, July 29, 2013  2:16:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Orion Holdings Acquires Prime Property in Axis Residences at...
Next Story : DUBAI WITNESSES STRONG RENTAL GROWTH IN EMERGING MASTERPLAN ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Boss Bottled Infinite: Express Your Inner Self [24193-Views]
Chronoswiss adds beauty in blue to Sirius Chronograph Moon Phase collection [15140-Views]
Mouawad Announces New Partnership With the Miss Universe Organization [12450-Views]
Ncef-reverse Eyes – Filorga's New Ground Breaking Eye Care! [8918-Views]
A touch of elegance with Al Asel [8802-Views]
Roberto Cavalli's exclusive new duo of fragrances [8619-Views]
Ferrari 812 GTS: the V12 spider returns [8436-Views]
La Roche-posay Presents an Incomparable Skincare Experience With ‘My Skin Track UV;' the W... [8180-Views]
Tag Heuer Launches First Ever Emerald Green Dial Aquaracer (for Men & Women) in the UAE [7753-Views]
World's First Cartridge-Free Laser Printer Now Available in the UAE [7753-Views]
Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certificatio... [7302-Views]
Sony Middle East and Africa launches the new king of full frame mirrorless cameras – Alpha... [7131-Views]
A Journey of Belief: Caroline Leon goes the extra mile with DHL as she attempts to climb h... [7125-Views]
Corum Golden Bridge Round 39 for elegant lady [7046-Views]
The Ferrari F8 Spider: the evolution of the species [6594-Views]
Introducing Pestle & Mortar [6399-Views]
Introducing the Dyson V11TM Absolute cord-free vacuum [6368-Views]
Tissot Carson Automatic Urban vitality [6185-Views]
Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energ... [5917-Views]
Glamorous Gilda for elegant lady' [5838-Views]
Pan Emirates Home Furnishing welcomes Autumn with its new collection [5758-Views]
Trade Up Your Old Device For the Next Level Power Galaxy Note10 [5405-Views]
The art of knurling [5130-Views]
Breitling Announces Partnership With Etihad Airways [4990-Views]
Union Coop constructs two commercial centers in Al Badaa (Jumeirah) and Barsha 3 [4850-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories