These days most of the property buyers are going for “value properties” in Dubai. They prefer to invest in established communities rather than planned or under-developed areas.
This new trend has reflected on transactional data in freehold clusters. Dubai Silicon Oasis, Sports City and Jumeirah Village are noticeable areas for both buying and leasing. These are also the mid-tier locations in Dubai including the low-rise Arjan.
Motor City, where Union Properties is adding a new cluster is the choice for investors to park their investment. Bluechip Real Estate has investment apartments for Sale in Motor City Call 04 395 1212.
According to Knight Frank, properties with value of more than 10 million Dirham has scene 6.4% increase and other main areas gain average 24% during the second quarter.
The regulatory terms are also playing an important role. It requires expatriate buyers to deposit 35 percent payment when buying a property of Dirham 5 million. And for the units below 5 million dirham, expatriates have to pay 25 percent. This option enables value buyers to purchase properties in value locations.
The rents on those properties are also increasing and most of the experts reckon that the price will go up in developed areas. There are a lot of bulk transactions that can be seen in mid-tier areas because the prices are expected to increase in near future.
Contact Bluechip Real Estate for Real Estate investment opportunities.