Dubai Realty 2017

With the arrival of 2017, companies and the public are expecting for Dubai’s real estate industry to pick the pace sometime during the mid of the year. While business and tourism are booming, more is needed for the public and foreign investors to come to Dubai and strike a deal in the industry. As market expectations become positive, property prices are expected to rise, but the sector’s performance is less likely to fall into that category.

Rent prices and property purchase remained stagnant for the longest time all last year. This is because of the falling of the dollar and the euro which has disintegrated the value of the currency and also its corresponding purchase power for those seeking to invest in Dubai’s property landscape. With the entry of FDI reduced to a bare minimum, changes expected will be anything but dramatic.

Expert opinion and market researchers, even though seem positive about the recovery of Dubai real estate; however some statistics and analysis do not even make that positive a response. Some analysis also states that the condition of real estate and   new housing projects in Dubai  industry in Dubai will continue to stay in the same position, let alone improve in any way possible.

Dubai Real Estate 2017: Where we heading’!

To review and look back at the real estate market, we could probably see that it has been rather bittersweet for the property market in Dubai. Many factors can account for the stalled performance of Dubai’s property sector. One of the major reasons that can root to Dubai’s fluctuating trend is the lack of transition from the primary market to the secondary market.

While developers did manage to launch affordable projects and substantially manageable payment plans and schedules to attract first-time buyers, the secondary market soared where sellers only came across returning customers, forcing them to reduce the end price.  This largely influenced and affected the property base and the potential profits that could be made.

Hence with the arrival of 2017 and new projects launching in the property sector almost every quarter, outcomes are expected to be brighter this year. While purchase was concentrated in the below Dh1 million band, 2017 is expected to show recovery from profit lacerations. With regards to the Russian Roble strengthening in comparison to the Euros and Dollar, Russian buyers are expected to come to Dubai again for their purchase. Aeon is of the company that provides the best rates of their new housing projects in Dubai