dubai market outlook - november 2014
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www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate
Dubai Market Outlook -
November 2014
www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate
Dubai Market Outlook - November 2014
In October we witnessed an increase across the city in villa sale prices while apartment rates
decreased on average, confirming the real estate market is back on track to sustainable and
healthy gro th. Re ts for all u it types rose this o th o a erage i the ajority of Dubai’s
residential areas.
This month we focus on Jumeirah Beach Residence (JBR) where new facilities were recently
opened, for instance The Beach project, a one kilometer long outside mall and cinema, with
prime access to a public beach. Access to the community has been improved recently, with the
opening of the Dubai Tram project on November 11th
, with two stations providing quick access
to the Jumeirah Beach Walk. These enhancements will impact positively on the property values
with an average increase in sale prices of 3.5% month-on-month. Rents of 1 and 2 bedroom
apartments follow the trend with an increase last month; 3 and 4 bedroom apartments rents
remained stable.
www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate