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 18245 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
Aigner Aprilia [8186-Views]
Top Toners to Up Your Skincare Game [6350-Views]
Stay Refreshed this Festive Season & Give the Gift of Self Care with Kocostar's Fabulous F... [6039-Views]
Raise Eyebrows with Flormar's New Range [5807-Views]
'Tis the Season to Gift and Glow' With Foreo Holiday Gift Sets [5716-Views]
Stress-free Tresses [5697-Views]
Sukin for Men [5392-Views]
Nourish your hair with Vierro's Styling Cream range [5392-Views]
Matte Made in Heaven [5368-Views]
Shop the New Frozen 2 Collection at Max Fashion! [4807-Views]
Monochrome Moment [4538-Views]
Skincare Through The Ages: The 20-Something's Skincare Guide [4447-Views]
UAE's Minister Al Mazrouei Announced President of the Unido General Conference in Abu Dhab... [4386-Views]
Dubai Customs discusses more mutual cooperation with Ukrainian Consul General [4355-Views]
Steve Madden set to arrive in Dubai to kick off brand's 30th Anniversary Celebration [4258-Views]
Foreo Expects a Record Sale for Black Friday [4227-Views]
Dubai Fitness Challenge Continues to Inspire the City [3849-Views]
Dubai Festival City Witnesses Over 1600 Runners Participating at the Second Season of the ... [3794-Views]
The Eberhard & Co. “Sistema Magini” Chronograph Sells at Auction for 156,000 Euros [3703-Views]
Adventurous Sailor François Gabart begins the 2019 Brest Atlantiques race [3672-Views]
Look after your body & enjoy nourished skin from Local, Homegrown Company, The Simplicity ... [3617-Views]
New showroom opening at Habsiguda, Hyderabad [3593-Views]
Dubai Pink Ride Attracts More than 4500 Participants [3410-Views]
Time for tennis - Ugo Humbert joins Rado YoungStars [3367-Views]
Explore Hello Kitty Mania as Candylicious Turns 10 [3288-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories