More confusing reports for Dubai Real Estate
Dubai real estate, which has long been a headache for local as well as international investors, is showing some signs of recovery. The prices for various properties in Dubai are beginning to stabilize which, as per many realtors and local operatives, mean great news for the realty market. Despite such news of stability in prices, some experts believe that celebrating this minor ‘recovery’ could be a little premature. On the other hand, some experts believe that 2012 is the year when the confusion regarding the disparity in prices will be sorted.
2011 was a mixed year for Dubai real estate. The overall results and the general trend of the market were satisfactory for the local realty market. The year began nicely with the completion of several high profiled projects such as Dubai Marina. This project in particular and several other high end properties were successful in igniting considerable interest amongst the international investors.
Even before Dubai Marina properties were up for grabs, several websites of properties in Dubai noticed a considerable spike in people who were looking up apartments and houses to rent there. For long, oversupply has been one of the biggest problems for the market. However, with the completion of Dubai Marina, a considerable rise in the market activity was noticed.
The months that followed did not experience any similar rise in prices of houses in Dubai. The illusion of recovery also began to fade as the year came to an end. The quarterly reports of 2011 show that although the market performed well in comparison to its performance during the previous year, however, it failed to live up to the expectations of realtors and investors who were of the view that it would continue to do well and the recovery process for Dubai real estate had finally begun.
All the quarterly reports for Dubai real estate have been released and are available on web. It’s on these reports that several experts have based their analysis upon. Because of these contrasting reports, more confusion prevails regarding the future of Dubai real estate.
