| It is being reported that Dubai property prices are | | | | Recently the government announced a $20bn cash |
| reaching the bottom, following highs back in the | | | | injection into the local banking system and this is |
| Summer of 2008, prices have plummeted on the | | | | helping regain confidence also with the relaxing of |
| back of the global market and Dubai very much a | | | | residential visa requirements this is a much needed |
| country under construction has suffered particularly | | | | boost.We feel that this will lift real estate prices and |
| badly. Dubai property Developments were very much | | | | that very much prices have reached the lowest point. |
| dependent on foreign investment which has suffered | | | | A considerable number of investors are taking |
| causing property prices to plummet with falls of up | | | | advantage of these all time low prices and still even a |
| to 50- 60 % not uncommon, Combined with negative | | | | greater number are attempting to wait for further |
| press talking about the mass exodus of people from | | | | falls, it is very much a gamble and complete |
| Dubai. | | | | speculation with regard to the turnaround in prices, |
| Now with many properties trading at 2005 levels, | | | | those that get it right will have made a significantly |
| many Investors are showing renewed interest in | | | | advantageous financial decision, those that don't time |
| property developments in the UAE, with rental | | | | prices right will be very disappointed. |
| returns very high with a 7% return not uncommon | | | | We have seen increased activity through the whole |
| and on specific properties double figures. Also in the | | | | of 2009 and with many individuals still opting for a |
| past residents who have priced themselves out of | | | | cautious approach the economy we believe will offer |
| once unaffordable properties are purchasing and | | | | amazing investment opportunities once again. |
| creating a mini boom. | | | | Now finally recent investment reports into the |
| The off plan market is still struggling as this is very | | | | Property market of the UAE have stated prices have |
| much credit funded and until the financial world | | | | now risen by 7-9% in areas like Jumeirah Lake |
| economy improves will still stay very in-active and will | | | | Towers, Dubai Marina and The Business and financial |
| not reach the lowest point. with very much nil | | | | districts. |
| activity in this property market area. | | | | |