Real Estate and Dubai Property Listings


Those interested in real estate in the UAE may wish to consider taking a look at a property listing, or more specifically a house listing, with a specialist company in the region such as Zawaya Property.

Property Values
When considering buying a property in Dubai, it's worthwhile taking a look at what's been happening as regards property values in the Emirate since the property crash in 2008.  Recent analysis has indicated property values in Dubai fell 12% between 2014 and 2016, in Abu Dhabi the fall was around 3% in the same period.  If you are looking at residential values, they fell by 6% between November 2015 and November 2016.  However, real estate experts believe the drop has now been arrested, making Dubai an attractive proposition for finding a bargain property.

Off-Plan Purchases
The savings from off-plan purchases can be as high as 30% when compared to ready to move-in properties. This makes such properties attractive to buyers.

Less Buy-to-Sell Investors
The collapse of 2008 saw many buy-to-sell investors lose money on off-plan purchases that didn't materialise.  Due to recent stricter controls on how much can be lent, the numbers of off-plan buy-to-sell investors has declined, meaning those left are the end-users and prices are less likely to be hiked as a result.  This has made off-plan buying a popular option again. 

Lending Controls
The new controls on lending may seem onerous, with as much as 50% deposit now required.  Recognizing this may deter potential buyers, many developers have introduced initiatives to work around the regulations, mostly in the form of part payments during construction.

Reputable Developers
Following the 2008 collapse, many banks have drastically reduced the numbers of off-plan loans they are willing to make, and only considering this in the case of the most reputable developers.  This has resulted in a general increase in the protection for buyers of off-plan developments as the numbers of so-called rogue developers has declined significantly.

Regulatory Approval
A further enhancement of the protection of buyers came about with the 2016 implementation of regulations requiring developers to get approval from the Dubai Real Estate Regulatory Authority before placing advertisements for property sales.

With the above in mind, it's clear why off-plan properties continue to be attractive to would-be buyers.

If you wish to know more about the real estate market ion Dubai, visit Zawaya Property at for more information.



Tags: property listing, house listing, Dubai Property Listings 

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