Value buying is trending in Dubai’s realty | GulfNews.com:
"Property buyers in Dubai are chasing value at those locations where they see that asking prices have yet to go through artificially induced spikes.
This is why residential communities such as Jumeirah Village, Dubai Sports City and Dubai Silicon Oasis are attracting a lot of interest as compared to a Downtown Dubai or a Dubai Marina. This search for affordability ensured that the former recorded higher growth rates of around 10 per cent in the second quarter, states a new report from Asteco tracking the period between April to June.
Mid-tier locations such as Discovery Gardens and International City recorded price increases of “only” 4 and 3 per cent growth respectively in Q2-2014. However, “any further growth in these communities will position them outside the affordable range, and consequently lead to a reduction in buyer interest”."
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