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
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