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 18776 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
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [6326-Views]
HONOR 2020 H1 Business Achievements in International Markets [4022-Views]
Here's Why A Silicone Cleansing Brush Champions Other Cleansing Tools and Techniques [3682-Views]
Get Your No-MakeUp MakeUp Look With Hourglass [3563-Views]
Samsung Launches Galaxy Watch3 and Galaxy Buds Live [3325-Views]
Panasonic Jaguar Racing Head to Berlin for a Lockdown Showdown [3264-Views]
Save up to AED 25,000 on Pre-Owned Lexus Cars with Al-Futtaim Auto Fest [3120-Views]
Safe Start-up of Unit 1 of Barakah Nuclear Energy Plant Successfully Achieved [3026-Views]
Parmigiani Fleurier Tonda 1950 Tourbillon [2993-Views]
Sony Middle East & Africa Announces ‘Ready for PlayStation®5' for current BRAVIA™ TVs [2595-Views]
Introducing the New Omega Constellation Gents' Collection' [2403-Views]
Lacoste Launches the Roland - Garros Eyewear Collection [2390-Views]
UAE Team Emirates Back to Winning Ways [2345-Views]
Pre-Orders for Samsung's Galaxy Note20 and Galaxy Note20 Ultra Now Open in the UAE [2288-Views]
Up to €500,000 to Support the Most Promising Innovators: The Agrofood BIC Accelerator Issu... [2202-Views]
Jafza Sets a New Benchmark With ‘collaboration for Safe and Sustainable Growth' Webinar' [2173-Views]
The Last Few Weeks of Dubai Shopping Mall Group's Summer Promotion [2050-Views]
The Best Just Got Better – Sony Middle East & Africa Announces WH-1000XM4 Industry-Leading... [2034-Views]
Kia Motors Collects Over 2,000 Pairs of Football Boots via UEFA Europa League Trophy Tour ... [2021-Views]
Cebu Pacific Advisory: Suspension of Domestic Passenger Flights to/from Manila – Aug 4 to ... [2005-Views]
Dubai Sports Council and Ski Dubai to Host One of the World's First Snow Sports Competitio... [1972-Views]
Malabar Gold & Diamonds Opens 2 New Showrooms as Part of Its Global Expansion Plan [1870-Views]
New Month, New Goals [1857-Views]
Face Shields Now Required for Cebu Pacific Passengers [1820-Views]
Post-COVID Travel is Set to Become Smarter. Here's How. [1812-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories