MASTERKEY BLOG

Has the Dubai market partially recovered?

According to REIDIN's 2011 results, Dubai may be in a partial recovery.

 

Their YoY statistics show that popular areas such as Arabian Ranches and The Springs/Meadows have actually increased in value by up to 15%. If true, that would be a marked recovery for those areas and would indicate that prices have not just bottomed out but are on the rise.

 

REIDIN.com The United Arab Emirates Residential Property Property Market: Dubai Sales Prices (% YoY)

 

REIDIN.com The United Arab Emirates Residential Property Property Market: Dubai Rent Prices (USD/SQM)

 

Now contrast this to the Abu Dhabi sales prices.

 

REIDIN.com The United Arab Emirates Residential Property Property Market: Abu Dhabi Sales Prices (USD/SQM)

Original article posted on REIDIN's blog here.


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