Property Watch Magazine by Roots Land Real Estate
Property Watch Magazine is a quarterly publication designed to provide up-to-date data and objective information about Dubai and Abu Dhabi real estate market; our aim is to help our readers get accurate understanding of its complexity and subtleties. We collaborate with different key players to present the property market from different perspectives; our sections include activity, trends, news, statistics and more covering residential, commercial, and hospitality segments.
Property Watch Magazine — Q3 2016
Cityscape Global returns to Dubai from 6 to 8 September – and Property Watch magazine returns with a new special edition.
This issue is packed full of studies, analysis and reports which I hope will offer readers a valuable insight into the health of the real estate market in Dubai at a time when many investors and property experts are stopping to check its pulse.
For many investors and potential home buyers, the burning question is whether this is the right time to purchase property in Dubai – or whether it is better to hold off. read more
Property Watch Magazine — Q1 2016
It is a great pleasure to welcome everyone to our latest edition of Property Watch magazine.
‘So, should I go ahead and buy a property in this real estate market ? Or should I wait? Is it true that the Dubai rent prices are going to drop?’ I have been hearing these questions flying around during the last few months.
Our magazine presents the property market from different perspectives and helps readers get an accurate and unbiased understanding of the UAE real estate market. We aim to cover every sector, such as commercial, residential, hospitality and retail, with the purpose to deliver all the answers for your uncertainty along with other in-depth information specifically for the Dubai and Abu Dhabi real estate market. read more
Property Watch Magazine — Q2 2015
I would first like to welcome all our new partners who have contributed to Property Watch magazine for the first time. This, we hope, will help meet the soaring interest from all those who are carefully following the property market in the hope of being able to identify and benefit from some good opportunities.
As temperatures have become hotter over the summer months, the property market has cooled. There are a number of reasons for this: the political climate in the Middle East remains unstable; the drop in oil prices is causing uncertainty; the strengthening dirham has put off European and emerging market investors; and sales’ costs – especially for off-plan properties – have risen. Swirling rumours about the introduction of VAT by the end of the year, the introduction of corporate taxes and a possible increase of transfer fees by the Dubai Land Department are affecting the sector as well. read more
Property Watch Magazine Q4 2014 - Jan 2015
With new partnerships this publication presents the real estate market from a developer, broker, mortgage provider, research consultant, data provider, and legal professional perspective.
Dubai property market is shifting towards a healthier and more mature stage. The strong US Dollar, the drastic fall of oil prices as well as the oscillations of the financial market lead to short-term investors exiting the market. On the other hand the market is strengthened by end-users and long-term investors entering into the market place.
During the last quarter a slowdown was recorded in the residential property market, the activity in the sector at the beginning of the year remains quite. Residential buildings show decrease in prices month-on-month in the majority of Dubai communities, as recorded by the Dubai Land Department in January; the results year-on-year depend on location with prime communities presenting positive figures. However the price drop in closing prices remains healthy.
After a quiet end of the year the villa segment picks up in January with rising sale volume month-on-month.Overall the city villa prices have fairly risen year-on-year; buyers benefit from a quiet market to negotiate on their deal leading to a fair decline month-on-month.
The off-plan market activity is still high with developers supplying new commercial, residential and hospitality projects; however developers adjust to the new market conditions by offering more flexibility on their payment plans.
Property Watch Magazine Q2-Q3 2014
In our second edition we worked in collaboration from key players in the UAE real estate market including Reidin (Dubai, Abu Dhabi), JLL, Property Finder, Daman Securities, Dubizzle, Home Matters, Mansions, and more. With the will to constantly improve our publications we gave a new dimension to this one by introducing additional sections: owner association, legal, and developers.
This quarter sales transaction volumes recorded by the Dubai Land Department (DLD) were marked by the usual Dubai market summer slowdown. With residents making the most of the holiday season to travel outside the country.
Downtown Dubai, JLT and Dubai Marina are the most desired areas for new expatriates settling down in Dubai. Dubai Marina and Downtown Dubai are as well the most sought-after prime communities for investors and end-users. Downtown Dubai’s sale rates increased by 11% in the second quarter and stabilised in the third one. The attractiveness of this community stays high as it offers perfect balance between business and leisure to its residents.
The summer season was quiet again this year in the villa market with a lower number of sales transactions overall in the areas we monitor. Moreover several villa projects were launched by developers in the last two quarters, thus expanding the off-plan market, which explains the decline in registered sales with the DLD.
Property Watch Magazine Q1 2014
Our magazine’s first edition covers the property market latest activity; with our in-house analysis and the collaboration of Reidin, Dubizzle, Homematters and IFA Hotels & Resorts.
Despite the cooling measures introduced by Dubai Government during the last quarter of 2013, as well as the doubling of property registration fees to 4% and the new mortgage cap, the real estate market presented continuous momentum in both rent and sale rates across the city during this first quarter.
The high demand of Dubai Marina results in strong rising sale rates; quarter-over-quarter we witnessed 12% increase. Similarly JLT, Downtown and Palm Jumeirah show higher rates; however slighter with 8%, 5% and 5% rise respectively.
Middle prime locations have shown a significant rise in the number of sale transactions during the past year especially in Dubai Sports City, Dubailand, Jumeirah Village and Motor City where project constructions are going on and new projects are regularly launched. Furthermore these areas offer high growth potential attracting more individual and institutional investors.