In Pics and Graphs: As Dubai’s end-users drive sales, property values are gaining fast

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In Pics and Graphs: As Dubai’s end-users drive sales, property values are gaining fast

Not just villa, but upscale apartment districts too are heading back to 2014 peaks

Published: January 27, 2022 09:18 Manoj Nair, Business Editor

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Stock – Dubai tourism – Dubai Destination – Dubai Skyline — Will 2022 have more of the same to offer Dubai’s property market? Unceasing – and unmet - demand for luxury homes filtering further down into the real estate landscape and lifting values across more communities and neighbourhoods? Where an end-user turns his or her attention from buying a villa to a spacious two-bed at the Downtown or Dubai Marina? Image Credit: Dubai Media Office

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STOCK Downtown Dubai — Those who are hesitating about taking such decisions do not have that windows of opportunity remaining open for long. Prices are starting to list at more locations in Dubai, going by the latest update from the consultancy Core. What you got as an offer even three months ago may not be on the table any more. At least at the same price. Image Credit: Ahmed Ramzan/Gulf News

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Property graph — There are many potential end-users who have experienced a higher asking price just because they waited longer to take a decision. So far, it has only happened with villas and high-end apartments in the most happening neighbourhoods. Image Credit: Supplied

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1.1858258-6140886 — Dubai Hills, Dubailand, MBR City and Dubai Creek Harbour are all options that merit serious attention, while Emaar Beachfront is still some way off. Projects closer to completion are seeing developers and brokers come up with some aggressive pricing options. Image Credit: Gulf News Archives

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Rent graph — Rent-to-own is also in the sales mix, though limited to a handful of developers. For the most part, it’s a small upfront payment, up to 30-50 per cent on handover, and the rest in three years. Sure, some developers will do a lot more to sell, and buyers will do well to factor in all options. Image Credit: Supplied

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Stock - ZaZEN-One — Make those living spaces and come up with a price and package that will convince a tenant to put up money on his or her first home in Dubai. 2022 will be about how well developers manage that convincing. (Pictured here is the first residential project from ZaZen Properties, in Jumeirah Village.) Image Credit: ZaZen Properties

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