Dubai property prices up again in third quarter but still 42% lower than 2008 - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
"Although Dubai property sales and rental prices have put in another robust performance over the past 12 months, average sales prices for apartments and villas are still 42% lower than in Q3 2008, with rentals lagging 38% and 31% for apartments and villas respectively over the same period.
And according to the Asteco Dubai Q3 2013 report, although prices will increase further, it is unlikely that they will hit their 2008 peaks in the short to mid-term.
The special report, which will be distributed at the Cityscape exhibition next week, highlights the fundamentals that have been driving the Dubai market. Political stability, trade links, a buoyant and diversified economy, regulatory infrastructure and an attractive tax environment have all contributed towards a resurgence in transactional activity over the past 12 months, which has led to a significant appreciation in sales and rental prices, said the report."
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