One trend that all Dubai Apartment owners need to pay close attention to is the fact that both sales and rental housing prices seem to be stabilizing in 2010; this in spite of the fact that the Global Real Estate slowdown seems to have affected even real estate in Dubai, where traditionally has been immune. This was made clear in a recent report from Asteco, a property management firm based on Dubai. According to as Asteco, if Apartment owners were to observe carefully, they would find that prices were relatively stable in the third quarter when comparing it to the second quarter of 2010.
This was especially true in popular apartments (which many call affordable) in the Dubai Apartments market. If you were to look carefully in areas such as JLT and Discovery Gardens, the cost per square footage has remained the same quarter to quarter. In terms of sales it was noted that the average drop was between six and seven percent which was also moving in concert with increase sales activity for the city of Dubai. In fact, this was noticeable within Downtown Burj Dubai. Downtown Burj Dubai was still able to attain and ask for about $350 per square foot. This was significant when you consider that this property was at the opposite end of the continuum.
Asteco reported that there was increased demand for both townhomes and villas. This is important because Apartment Owners can expect that a great many renters will be leaving the market. If renters are leaving the rental market to become buyers and at the same time the supply is increasing then it is important then to make sure that every potential Dubai Apartment renter has the opportunity to see what they want before they have to make their decision. One can expect increase competition, but not for those who are looking to increased their presence. What this means is that if Dubai Apartments owners need to be quick to get systems in place to stand in front of the potential buyers. They can do that effectively by taking a good look our Real Estate in Dubaionline collection of properties at http://www.dubaiaparmentrental.com.
