Whether you are looking to buy, rent or even invest in property, keeping a check and a watchful eye on prices is crucial. You need to know where the cheapest places are, where the best ROIs could be and where prices are expected to rise in the future.
This is the primary trend for prices in Dubai right now with a few notable exceptions. For the last six months, prices have continuously fallen and have now reached the level that they were at in 2013.Dubai Villas for Rent - Image courtesy of Propertyfinder.ae
On the opposite side of the scale, rent prices have risen in Abu Dhabi with MBZ now becoming one of the most affordable places to live. Saadiyat island continues to be the most expensive despite a reduction in cost. The good news for investors is that yields are high, between 7-8% and as such good be a substantial opportunity. Villa prices, on the other hand, continue to fall in Abu Dhabi and have been on a downward trend for the last few months. This is particularly true in Al Reef where the most noticeable drops have occurred at over 7%. Finally, the Northern Emirates is providing a fantastic opportunity for investors in the rental market. Rental yields have reached 9.6% in this area and are the best in the UAE currently. For rented accommodation in the UAE, Ajman also provides the cheapest option while RAK is the most expensive. It will be interesting to see how prices continue to rise and fall over the next few months and indeed the years leading up to the 2020 Expo.As a truly customer-centric real estate agency, we offer a range of related services that are designed to make your property journey stress-free and successful from start to end.