Thursday, Feb 16, 2017
The road to recovery is starting to show up in some of Dubai’s residential communities — the mid-tier Al Furjan, Discovery Gardens and Dubai Silicon Oasis have now seen consecutive value gains since December.
For a market still in recovery, such consistencies suggest a possible sighting of green shoots.
In a recent residential survey done by the firm, local agents expected a marked improvement in enquiries — and agreed sales — during the current quarter. “We will see a rise in prices during 2017 and particularly more as we creep toward 2020,” said Zarah Evans, Managing Partner of Exclusive Links Real Estate. “Work/live/play environments will be more attractive and especially in the more affordable areas like Al Furjan, Discovery Garden and Silicon Oasis.”
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