Realty customers in Dubai are chasing value at those places where they see that asking prices have yet to go through synthetically encouraged spikes.
This is the reason why residential communities such as Dubai Sports City, Dubai Silicon Oasis and Jumeirah Village are fascinating and attracting a lot of interest as compared to a Downtown Dubai or a Dubai Marina. This exploration for affordability guaranteed that the previous recorded higher development rates of around 10% in the second quarter, according to a new report from the period of April to June.
Mid-tier sites for instance, Discovery Gardens and International City noted price increases of only 4 and 3% growth correspondingly in second quarter of 2014. Nevertheless, any additional development in these societies will position them outside the reasonable priced range and accordingly lead to a decrease in buyer interest.
As for the premium places, many sellers having increased their prices following the Expo 2020 declaration have no objective of reducing their asking prices until buyers match their expectations.