Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

The Monthly Average Number of the Sales of Real Estate

By Little Charl Subscribe to RSS | January 11th 2012 | Views:

The sales of property in Dubai are a 70% less than what were in the peak of the market in the middle of 2008, but a small increase in the transactions has been praised as a good sign. The experts in real estate are indicating that nobody wants a career of return to the glorious days to move at one sitting speculative that did that the emirate one of the hottest markets of the planet, and that a recovery maintained is better.

The last figures of the Department of Lands of Dubai show that is not insurance that is going to be a fast recovery. Dubai saw 1,603 offerings of real estate in the first ten months of the year, a decrease of the 70% in comparison with the height of the market, when there were 5,363. Nevertheless, the figures show an increment of the 37% in the transactions of goods in comparison with the 2009 to the height of the financial crisis, what suggests that there are signs of recovery in the market of dwelling of the city mistreated.

The monthly average number of the sales of real estate is of 160, set against 117 in 2009, but continues being a way dramatics of the average property transactions 536 seen a month in 2008, as of properties of the plan was overturned several times by the speculators. "It recalls me to it true extraordinary in the market was from 2005 to 2008, and the regularity that seems to be nowadays", said, executive director of Coldwell, the greater business of real estate in Dubai.

The banks are being more active in the concession of mortgages and interest rates of the mortgages have descended of level of around 8 to 6% ", added. Dubai property for rent shot itself after the city opened its sector of real estate for the foreign investors in the year 2002, offering them the absolute control property rights in many developments but the prices have fallen a 60% since the world economic crisis had a get.

Prices of the dwelling in some parts of Dubai showed signs of recovery in the third quarter, with light rises in the main projects, such as Palm Jumeirah and Arabian ranches, according to data of the property consultants Jones Lang LaSalle. But the analysts continue worried that the around 33,000 new dwellings that will arrive at the markets of Apartments for rent in Dubai by the end of 2012 would be able to cause decrease of fresh in rent and sale prices.

It renewed world financial problems and the crisis of European sovereign debt is also probable that the cause more pain, with last month Moody prediction of recovery of the prices not before 2016. Andrew Goodwin, director of real estate of Dubai consulting DTZ, said that the transactions moderate was maintained since the owners adapt not to their prices that ask to the new economic realities. "We receive a great interest among the investors that seek in the market of Dubai, but in many cases there is a discrepancy between the buyers and salespersons of the appraisals that maintains a low volume.

Little Charl - About Author:
property in Dubai | Dubai property for rent | Apartments for rent in Dubai

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Real Estate Articles Subscribe to RSS

How to invest in property- by Ian Comnys
Published by Ian Comnys on March 20th 2012 | Real Estate
There are three key areas property investors should look at when finding the right location to inves...
Get a good office property in Gurgaon
Published by Atul Sharma on May 21st 2012 | Real Estate
The article is based on real estate property in Gurgaon. It talks about how you can get a good prope...
Choosing trustworthy property consultant is beneficial
Published by Deepti on May 4th 2012 | Real Estate
Mohali is a full-fledged market of real estate. It is major part of tricity though it has now a sepa...
The Roller Coaster Ride of Rental property Dubai
Published by Mark Castellino on December 1st 2011 | Real Estate
The best way to start up any business in Dubai is to find out the best location first then go for th...
Bienes raices en Aruba can provide the answers to all your worries related to your property
Published by Sothebysrealty Aruba on March 16th 2012 | Real Estate
The best way to find property in Aruba is to get hold of a real estate agent in Aruba for the best r...
Lease your property for commercial strata management
Published by Chris Whelan on January 25th 2012 | Real Estate
Everyone should follow some qualified process during leasing their commercial strata management prop...
Three reasons why investment property repairs should be left to the professionals
Published by Ian Comnys on December 12th 2011 | Real Estate
Exchange licensee Ian Comyns shares a recent case which shows what can go wrong when landlords do th...
Investing in property is what sound investors suggest
Published by Sophia Milller on December 13th 2011 | Real Estate
South Africa is one of the most developed countries in the entire continent of Africa. Does this mea...
Real estate agents for your property needs
Published by Glyn Jones on June 4th 2012 | Real Estate
The estate agents can help find the right kind of properties that suits your specific requirements a...
Real Estate Agent can be a good Profit maker for your property
Published by Mayank Gandhi on February 28th 2012 | Real Estate We provide easy to find Real Estate Agent for consumers vendors to make searching ...
Lucrative Greek property for Sale
Published by Greekexchange on May 21st 2012 | Real Estate
Greece the name itself runs a smile on our face as it is the most preferred place for honeymooners a...
Best price property for sale in Mumbai
Published by Andy Wagon on February 14th 2012 | Real Estate
Owning a home is more than one can indeed serve as an investment in the future, especially if house ...
Letting agents can help find good property
Published by Matthew Watson on June 4th 2012 | Real Estate
The letting agents have a critical role to play with the rental property letting. For tenants they c...
Rental property- its difficult to find without estate agents
Published by Matthew Watson on April 16th 2012 | Real Estate
A proper research of the property market, its trends and different rents in different localities nee...
Online estate agents to sell your property
Published by Matthew Watson on April 29th 2012 | Real Estate
Using an online estate agency will allow property owners to perform the majority of the sales proces...
Greater Noida property getting costlier
Published by Sanjay Kumar on August 1st 2012 | Real Estate
In the commercial category for IT/ITES properties, consumers can ought to shell out Rs 29515 per sq ...
Delimitate facilities with affordable investment in residential property
Published by Bhubaneswar Property on May 14th 2012 | Real Estate
The most prime factors for choosing flat at Bhubaneswar are very good communication, close to IT Sec...
Finding property and buying it becomes with help of Real Estate Agents
Published by Melbourne Realestate on June 28th 2012 | Real Estate
If anything is done by the profession that creates a great impact. Same is in the case of real estat...
Locate a property in Kolkata of your Choice
Published by Simmie on November 30th 2011 | Real Estate
Looking for a property in Kolkata? Ever looked up a classified ads web portal in the property sectio...