Is the Dubai real estate market deflating or collapsing?

Discussion in 'Dubai property' started by Nicholas Wallwork, Nov 12, 2015.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    While the recent performance figures for Dubai real estate do not make impressive reading whichever way you look at them, there is some debate as to whether the Dubai real estate market is deflating or collapsing. A recent report by consultancy firm JLL confirmed what we already know, sales figures are down, prices fell a

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  2. nmb

    nmb Well-Known Member

    The Dubai real estate market has undergone a monumental change over the last 20 years or so. It is back in favour after the 2008 US mortgage crisis but now there are better regulations in place, more protection for investors and a greater confidence in the market. The general opinion seems to be that the market is reflecting worldwide economic concerns and consolidating at lower levels as opposed to collapsing.

    While not yet considered to be a "mature" market there is no doubt that Dubai has moved on from the fledgeling market it was at the turn-of-the-century.
  3. sonamwsingh

    sonamwsingh New Member

    When we consider present time then gives conclusion that Dubai real estate market is not going much effective in some days, except these we can say that over all it is going good. The commercial real estate developers can take more interest in developing property as demand is increasing day by day.
  4. nmb

    nmb Well-Known Member

  5. Atta Ur Rehman

    Atta Ur Rehman New Member

    Yes I think this is because there is no sale of apartments instead there are lot of apartments for rent in dubai which is causing a draw back in the property market. There is also a chance that there are nowadays several real estate agencies in dubai that's the second reason.
  6. Longterminvestor

    Longterminvestor Administrator

  7. Baqar

    Baqar New Member

    I think the property market is different in the business bay after bay avenue because they have introduced a number of new dining places and a bunch of real estate options with some hotels and jogging areas and better restaurant options in the town,
  8. diyhelp

    diyhelp Active Member

  9. Longterminvestor

    Longterminvestor Administrator

  10. michael1978

    michael1978 Member

    Is it really? I would love to know when properties will really go down in price.
  11. FWL

    FWL Member

  12. michael1978

    michael1978 Member

    @ FWL I know Dubai is not what it used to be anymore, all prices have gone up and from what I heard it is quite unstable market. How is it firming up again?
  13. Marinaki

    Marinaki New Member

    Why? If properties prices are going down it means that everything goes down :)
  14. michael1978

    michael1978 Member

    That's the point, it is very unstable, even if properties will go down in price, they will find something to get their money, UAE people are smart.
  15. Marinaki

    Marinaki New Member

  16. Sonalia

    Sonalia New Member

    As the Dubai economy continued to grow and the expat community followed suit it became obvious there was a significant shortfall in accommodation. This saw a massive investment in both traditional accommodation and office properties attracting some of the world’s best-known property companies.

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