Where to buy property in Dubai as prices start to fall | The National

Where to buy property in Dubai as prices start to fall | The National:



"I see the sales prices on apartments in Dubai are falling now. Are they going to continue to fall? We are thinking of purchasing something as a starter home. I have been looking around several different neighbourhoods including Motor City, JVC, Sports City and even had a look at Remraam. Remraam seems very affordable, though the apartments are quite small. What is your opinion on this community? Are there other places I should also consider looking? AM, Dubai



All the areas you have mentioned are up and coming - especially JVC, Sports City and Remraam. Looking especially at Remraam, the one thing I can say is that at present there is little around in terms of amenities and facilities as this area is still very much developing. Having said that, this is the reason why the prices are cheaper. There is a lot of developing going on near/around the Umm Sequiem Road and ultimately, this in time, will be a thriving location as it is designed to cater for families and young professionals especially with the likes of Akoya, Arabian Ranches 2, Mudon and Sustainable City etc all under construction.



The real question is, if you can afford a bit more, then perhaps choosing more established areas such as Motor City or some parts of JVC and Sports City might be a better option. If you can handle living n or near a building site, then you can reap the future rewards of capital appreciation if you stick with Remraam."



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