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Dubai real estate market has had a spectacular Q1 2013 where the sale and rental prices have continued to record impressive hikes.
Many experts had dubbed 2013 the year of recovery and with the passage of time, the signs of a more profound recovery are becoming more and more evident. Q1 2013 reports have started pouring in and they have all painted a pretty picture for Dubai real estate market.
Cluttons’ report of Q1 2013 shows a spike in the number of transactions taking place in Dubai real estate market.
Bayut.com, the leading Dubai property portal, released a report earlier which showed hikes in both sale and rental prices across Dubai. As far as the rental sector goes, there is an increased demand from the renters which has pushed the rental prices up in various areas across the city. The recovery, which was previously limited to Dubai Marina apartments for sale and rent, has now spread to other areas as well and prices have been climbing steadily. Generally speaking, the overall performance of both villas and apartments for rent in Dubai have registered an increase of 21% and 19% respectively.