Downtown Dubai Apartments Demand & Selling Prices — Q1 2016
The demand in Downtown Dubai area has been steadily escalating from Q3 of 2014 up to the end of 2015. One of the reasons was the constant decline in prices. The average sales rate apartment prices at the end of the year showed the same rate as we had in Q3 2013. As the sale prices decreased, the number of transactions went up. Investors from overseas had no problem selling at a lower rate as they still made more profit from the exchange rate. Therefore this was a good opportunity for others to buy at a lower price and invest in Downtown Dubai or it was an opportunity for the end users to buy instead of renting.
Dowtown Dubai is a residential and commercial community. A city hub with luxuriant hotels and residences, that provides entertainment such as cafes, events, Dubai Mall and also includes the tallest building in the world Burj Khalifa. Downtown Dubai is a great choice for visitors all around the world, that are interested in luxuriant shopping or accommodation.
Downtown Dubai Sales Transactions