Dubai Property Market - It's the Right Time Right Now

What's the one thing that anyone interested in property wants to hear? Low prices. Rock bottom rates. A property market that is just asking for buyers and investors is the current Dubai property market. Buyers never had it as good in Dubai as they rush to make the most of low rentals and dropping property rates. The reason for this decline in prices is simple. There is an oversupply of properties and with an estimated 100000 units expected to hit the market by mid year, this situation seems to be prolonged. Those interested in buying simply for investment purposes or even looking to rent property, this is an ideal win win situation. In fact according to the Dubai Land Department there has been a drop of almost 18% in property transactions vis a vis transaction held during the same time last year. Rents have come down even in areas that are not up market. An International City apartment can be had for a 12% drop in rent as compared to earlier rates. Commercial properties too are inching below previous rates as landlords look for means to make the deals seem more value for dirham. In fact many a landlord is now offering incentives like a rent free period, long term leases or even increased cheque options. This is the best time to negotiate hard for properties of your choice in Dubai...prices are flexible and the market is tilted towards the buyers and lessees. In fact it makes plenty of business sense to use alternate options as leverage in order to negotiate a better deal for oneself maybe at a better location.

People moving to the dubai properties market either for work or for investment reasons are being drawn by lower prices and a better lifestyle. Dubai is known for its tourist hotspots, its nightlife, its glitzy malls and fabulous infrastructure. It is a city of superlatives. Tall imposing structures, bright lights and glamour. Who would not want to be a part of this swinging cosmopolitan whirl at a rock bottom price? Property downswings have not affected the quality of life in Dubai at all.

There are varieties of homes and offices in locations that vary from the exclusive to the cheap. It depends on one's budget and priorities.. Those with children would prefer an area like the Palm Jumeirah with shopping, schools and medical facilities all within driving reach The Dubai Marina and the Burj Dubai area for those in the know is full of lavish villas meant for those interested in opulence. A closed community of family villas is available at the Arabian Ranches. Garhoud is one of the most snapped up locations being suburban yet close to downtown Dubai. Satwa is centrally located, identified by its bright lights and buzzing nightlife, ideal for young couples and singles. The Trade Centre is popular offering plush apartments at comparatively higher rates. Ultimately the location depends on what individual priorities are. It has to suit lifestyle, it needs to suit budget.