DUBAI PROPERTY MARKET IS A SUM OF MANY DEMANDS: July provided Dubai’s property market with the biggest monthly tally in 10 years, with offplan sales driving a sizeable part of the numbers. But there are a lot of subplots emerging within the broad umbrella of constant demand for property investments here. Asking prices on ready apartments and villas are starting to stabilise, helping to cool off some of the intense heat that’s there in property value gains since last year. Mortgage transactions are also showing improvements – now, that’s despite back-to-back hikes by 0.75 per cent apiece in the last two months. What it means is that end-users are getting back in having done all the number crunching to make sure their payments and budgets are in tune. And here’s another number for developers to dissect – latest sales show that more 40-45 year old investors are buying offplan property here. Chances are that a sizeable number of them are doing so because they want to strike longer and deeper roots here. That’s what makes for a sustainable property market anywhere, anytime. (By Manoj Nair, Business Editor)