With the first month of 2018 already over, we look at the Property Developers in Dubai market that are feasible for both real estate sales and rent in Dubai in the next 11 months.
Rental rates will continue to face a decline in the next few months of 2018, according to The National and most Dubai property consultancy companies. The explanation for this is that the competitive prices for new developments and real estate available for sale are increasing. Dubai developers are currently continuing to encourage improvements in the affordable housing market, making choices for real estate more flexible for different populations. Also after the decline in rental rates, as a means of payment, landlords accept several cheques. In various areas around Dubai, residents can find it easy to search for and pay for rental units.
Land Sales Trends in Dubai
The JLL annual analysis of Dubai properties notes that “the majority of residential sales were concentrated in the off-plan market, where developers offered especially attractive prices and payment plans. In 2017, a total of 25,600 Off Plan Properties in Dubai were purchased, with the highest level of off-plan sales in Dubai since 2008 set to be registered in 2017.”
Developers will build more designs and innovations that will cater to all forms of demographics as the Dubai Expo 2020 draws closer. From high-end and luxury projects such as the Dubai Hills Estate communities, first-time buyers and purchasers who choose affordable choices such as Dubai South have many options open.
Retail and Commercial Spaces
Commercial and retail space is in high demand, especially in landmark districts such as DIFC, Business Bay, and the World Trade Centre. Because of its position as a global business centre and also being the key networking city between the Middle East and other international destinations, more Real Estate Companies in Dubai as their headquarters.
More companies are also opting to find offices and retail space in freezone regions such as Dubai Media City, Dubai Internet City, Dubai Studio City, and much more with the introduction of VAT. Consequently, there is a strong demand in the commercial property market for freezone areas.
Farukh Islam 