Wednesday, April 20, 2011

No more distressed sales in Dubai, say experts

Dubai is seeing less of distressed sales these days, and is moving towards stability, say realty experts.

The Director at PropSquare Real Estate, Faisal Baig, agreed that there are less distress sales currently in Dubai. Several of the clients have come a long way from the crisis stage.

The Dubai Sales & Leasing Director, Elysian Real Estate, said that over the past one year, there has been a huge increase in units sold under market value, largely due to the requirement by owners to release cash. The market has now stabilized, with Dubai real estate market in particular, leaving a positive note.

During 2009 and early 2010, investors, particularly speculators, were almost supplying their units at half the price. The investors themselves were ready to sell their units at just 30percent from original price.


Dubai Properties said...

I just wanted to add a comment here to mention thanks for you very nice ideas. Blogs are troublesome to run and time consuming thus I appreciate when I see well written material. Your time isn’t going to waste with your posts. Thanks so much and stick with it No doubt you will definitely reach your goals! have a great day!

Websites for Sale said...

Nicely put and executed. Regarding websites for sale this article really gets down to the nitty-gritty. Come word of websites for sale as in your excellent post, then turnkey websites or dropship websites simply take the cake. What enables you to buy a website or an online business is the very down-to-earth information given above.

Thailand Real Estate said...

It's nice to see the Real Estate Market in Dubai stabilizing. That's not only going to attract more buyers, but more investors as well. Things are only going to get better from there.