Property prices here are
likely to continue their upward march this year after rising in the first three
months of 2013 on the back of higher demand, says a report by Asteco Property
Management. Apartment sales prices grew on average by 12 per cent in the three
months to the end of March 2013, with year-on-year growth standing at 27 per
cent, it said. In comparison although average villa sales prices only climbed 5
per cent in Q1 2013, growth over the past 12 months averaged 24 per cent. The
performance of rental rates was also impressive, average apartment and villa
rents grew by 3 and 4 per cent compared to Q4 2012, but still managed to climb
19 and 21 per cent respectively over the past 12 months. "The overall
outlook is positive with demand and rates expected to continue to grow.
However, this will also mean that some tenants and buyers will be priced out of
certain buildings or communities," said John Stevens, Managing Director,
Asteco Property Management. "Prices are not only being driven by tenants
relocating, Dubai is also attracting new tenants and those expatriates here are
still tending to take a longer-term view of living in Dubai. "In terms of supply
and demand, Dubai is still benefiting from the Arab Spring and the Euro crisis,
which was brought into sharper focus recently with the Cypriot banking crisis.
Good quality stock is gradually being reduced while the length of time that
advertised units stay on the market now is also shortening," Stevens said.
Although the commercial market saw little movement during 2012, it did show
some signs of life in Q1 2013, said the report.
Subscribe to:
Post Comments (Atom)
ఐపిఓల సందడి, నిధుల సేకరణ దండి
ప్రైమరీ మార్కెట్లో ఈ ఏడాది (2024) ఐపీఓ సందడి జోరుగా ఉంది. ఏడాది మొత్తం మీద 90 ప్రధాన ఇష్యూల ద్వారా కంపెనీలు రూ.1.6 లక్షల కోట్లు సమ...
-
fo r April 25, 2019 Closing Subdued Tithi : Chaitra Krishna Saptemi Nakshatra : Poorvashadha Persons born in Mrigasira, ...
-
మార్కెట్ విలువలో బిఎస్ఇ కొత్త రికార్డు బొంబాయి స్టాక్ ఎక్స్ఛేంజిలో (బిఎస్ఇ) లిస్టింగ్ అయిన కంపెనీల ఉమ్మడి మార్కెట్ విలువ మంగళవారం (202...
-
దేశంలో సుజుకి మోటార్ కార్పొరేషన్ (ఎస్ఎంసి) మూడు కోట్ల కార్ల ఉత్పత్తి మైలురాయిని దాటింది. అయితే తన మాతృదేశంలో ఈ మైలురాయిని సాధించిన సమయం...
No comments:
Post a Comment