Dubai Property: ‘a good time to buy’ expert investors reveal

Posted on: May 10, 2012

Written by Max Bielby

Recent reports have revealed Dubai residential property prices are bottoming out in various locations in the emirate and some property prices are already on the rise, according to The National.

The news has spurred investors to buy property in Dubai whilst prices are still low after reports have stated prices are expected to rise in 2012. Prime residential spots in Dubai are recovering well from the global crash in 2008 and many investors are starting to enjoy a healthy return of around four to five percent.

Analysts have said the new found confidence has encouraged many property investors to buy now and as long as buyers are careful about their choices, analysts say this is a good move.

One industry expert commented: “In selective projects, it’s a good time to buy now, but you have to choose the projects very carefully. There are projects in the market where sales prices and rents are increasing.”

Locations including Dubai Marina are a popular choice with investors as they have well-established communities that include retail and other amenities.

Average rental returns of four to five percent can certainly be achieved in Dubai after paying all costs associated with owning and letting properties. The news has certainly put Dubai property in high demand with investors wanting to take advantage of the low prices.

Apartments and villas are proving to be the most popular choice with buyers, with location and space being important factors. The news has injected confidence in Dubai’s residential property industry, proving 2012 could be a great year for the emirate.

Source: The National