Dubai realty re-calibrates along subdued lines | GulfNews.com:
"As the quality of transactional data in the real estate markets improve, sifting through the series of data points has led to an ever increasing insight into the nature of buying and selling.
More importantly, it has allowed for the gauging of investor and end-user sentiment along with their preferences, and provided further clarity into the health of the overall market. Dissecting the data by community has shown certain relationships between price and volume, and enabled analysts to forecast with increasing accuracy what trends are likely to be seen.
After the introduction of higher transfer fees by the Dubai Land Department, there has been a noticeable drop in transaction volume in freehold communities. Depending on the area being looked at, volumes have registered a drop of between 5 per cent (International City) and 30 per cent (Arabian Ranches) in the six months after the introduction of the higher levy."
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