Friday 26 August 2011

gulfnews : Sellers short on ideas in Dubai property market

Dubai's property industry is now a buyer's market. It's a far cry from the heady days of the property boom when sellers were calling the shots and getting a premium price.

Buyers are now after the most attractive projects. There is a reasonable demand for residential units in areas that have finished roads and basic facilities, such as shops and schools, according to property agents and consultants.

While some properties in prime locations such as the Arabian Ranches, Emirates Living, the Palm, Downtown Burj Khalifa and Dubai Marina are selling better, it can still be challenging to complete a sale.

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