People who follow the Dubai property market may be well aware that 2013 has been an exceptional year for the real-estate field. Despite numerous attempts from the regulators to stabilize the market, to different effect, the price of real estate across Dubai continues to climb even though the rate of increase is beginning to slow. So, how would you believe the Dubai property market will perform in 2014?
We will understand that during 2013 the escalation in real estate peaked at 23% inside the next quarter if we have a look in the typical price of property across Dubai.
We will understand that during 2013 the escalation in real estate peaked at 23% inside the next quarter if we have a look in the typical price of property across Dubai.
We should take into account the truth that the regulators introduced numerous means to take the steam out of the market while the 3rd quarter saw a less than expected increase of just 8%. There was a sense that we may be headed towards another crash if nothing was done while some traders would obviously prefer the Dubai authorities to abandon the market to its own products.
Despite the reality that the government launched quite a few measures, such as doubling the Dubai property registration fee and limiting the dimension of mortgages available, there's still great demand for property in the area. Possible investors have taken stock of the marketplace in the 2nd quarter but may return to they in figures within the fourth quarter or will 2013 to the market end on the relatively quiet note?
Strangely enough, as the Dubai authorities have already been trying to take the steam outside of the market for some time today, investors will value this in the long term. In several ways it was the inactivity of the Dubai authorities in 2008 which led to the decline in real estate prices.
Despite the reality that the government launched quite a few measures, such as doubling the Dubai property registration fee and limiting the dimension of mortgages available, there's still great demand for property in the area. Possible investors have taken stock of the marketplace in the 2nd quarter but may return to they in figures within the fourth quarter or will 2013 to the market end on the relatively quiet note?
Strangely enough, as the Dubai authorities have already been trying to take the steam outside of the market for some time today, investors will value this in the long term. In several ways it was the inactivity of the Dubai authorities in 2008 which led to the decline in real estate prices.