|Roots Land Real Estate Newsletter – March 2015
Dubai property market is shifting towards a more mature and healthy stage characterized by the exit of short-term investors, who are selling their properties to benefit from advantageous exchange rates lead by a strong US Dollar, and by more long-term investors and end-users entering the market.
The residential segment picked up in February, we witnessed growing sale transaction volumes for apartments and rising sale rates as an average overall the city. Year-on-year apartment prices slightly decreased; recall that from Q4 2013 sale price in the Emirate hit faster pace before entering into a stabilization period that started in Q3 2014. The villa market is quieter; landlords willing to sell their properties enjoy year-on-year sale price increase while buyers benefit from stronger negotiation power due to the recent sale price decrease.
The off-plan property market is still very active; developers recently started offering more flexible payment plans to investors. New developments were launched during the month among which Acacia at Park Heights developed by Emaar and Meraas, Azalea by Emaar, Elite Residence by Al Madina Al Raeda Real estate and Grand Horizon Apartments by GGICO.