More data has been released supporting reports that Dubai property prices are stabilizing in some areas quicker than others, which has subsequently created property hot-spots. These hot-spots are high-end areas within the emirate that are experiencing growth and increased property prices, while less exclusive areas are still suffering declines.
One of the leading property consultancy companies in the region, the Landmark Advisory, released its January guide which concluded that demand for high quality real-estate is now increasing. Jesse Downs, Director of Research and Advisory Services at the Landmark Advisory said “Apartments are more susceptible to price declines dependent on quality”.
Higher quality properties in more desirable locations fared much better during the global price correction and now values and rents are experiencing increases. Areas such as Dubai Marina and the Palm Jumeirah, regarded as two of Dubai’s most exclusive locations, have witnessed the highest demand.
One of the leading property consultancy companies in the region, the Landmark Advisory, released its January guide which concluded that demand for high quality real-estate is now increasing. Jesse Downs, Director of Research and Advisory Services at the Landmark Advisory said “Apartments are more susceptible to price declines dependent on quality”.
Higher quality properties in more desirable locations fared much better during the global price correction and now values and rents are experiencing increases. Areas such as Dubai Marina and the Palm Jumeirah, regarded as two of Dubai’s most exclusive locations, have witnessed the highest demand.
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