Consumer confidence returns to the residential property market

Cluttons, the real estate specialist which has enjoyed a dedicated Middle Eastern presence since 1976, today announces its Q3 market report for rend in the marketplace is positive with general Dubai’s residential market 2012.

The overall price stability across the Emirate and some price rises noted in specific areas.

Apartments in Dubai have increased in value an average 4.9% since the beginning of 2012 and Cluttons predicts a continuation of this trend towards the end of the year.

In addition, apartment s note that averages can be rental values have increased 6.8% in Dubai. However, Cluttons doemisleading, as there were areas in the Emirate did not see any growth. end villas rose from Dhs1,100 per square foot in January to Dhs1,300 -Average sales for high have risen from Dhs550 per per square foot in September 2012, whereas mid range villas square foot to 650 square foot in the same period. Mid range villas have also witnessed a rise in sales price from just under Dhs750 per square foot in January to nearly Dhs900 per square ons notes that villa prices now match spring prices 2007. foot in September of this year.

via Cluttons in Dubai – Consumer confidence returns to the residential property market | Cluttons | AMEinfo.com.

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