Dubai real estate market is in the state of flux. This situation remains same across the all the regions and all types of properties whether available for sale or rental properties. Some new residents are landing in the city but the numbers are neither so considerable to mention over here nor do they bring any significant change to the real estate sector. Few old timers are also back to Dubai with the hope to pay less and get more in terms of facilities and lifestyle. No doubt, property prices are hitting the bottom and rents of apartments, villas and offices have also dropped down to minimum. Seems like it is more of a renters’ market now as buying and selling activities are not so substantial in it. Due to the cold conditions of Dubai properties market, investors have started looking in the surrounding regions to buy or take rental properties at low rates.
Abu Dhabi real estate sector has seen the increase in demand both in residential and commercial sectors. It has become the next favorite investing option for the expatriates, Gulf local residents and foreign investors. Abu Dhabi rental properties have reached a parity level with Dubai high end properties both in residential and commercial properties sector. Let’s review residential and commercial sectors of both regions.
Residential Properties Analysis:
The number of Dubai residential properties is continuously increasing and the supply exerts a downward pressure on Abu Dhabi rental amounts. Due to which a significant fall in rental amounts was noticed in Abu Dhabi properties at the beginning of year 2011. Dubai real estate has lost the trust of key investors and to secure their investment, market has come to hold. In the meanwhile, professionals have started moving from Dubai to Abu Dhabi for work and looking for residential properties. Due to which Abu Dhabi rental market of residential properties seemed to be picking up as compared to Dubai rental market. The demand is also increased. » Read more: Abu Dhabi Rental Market Equates to Dubai High End Properties