- Transferred sales saw the most activity in International City, Burj Khalifa area and MBR City
- Despite property price declines, overall, gross yields remain at 6.24 percent on average. Rendering property a fairly sound investment for the discerning investor
Newly added residential supply for November saw four projects completed in Business Bay, which added 633 new apartment units. Additionally, one project in Barsha added 576 apartments as well as one project in Dubai Marina added 223 apartments.
Abu Dhabi also saw a completion with one project in Marina Bloom with 225 apartments. For the Northern Emirates, Sharjah saw the addition of 233 villas in Al Zahia.
Proprietary data from Property Finder highlights the demand side of the picture which indicates Dubai Marina, Downtown Dubai and the Palm Jumeirah, as the most searched communities in Dubai, a full compilation of buy and rent searches for all property types.
Abu Dhabi’s most searched were Al Reem Island, Al Raha Beach and Khalifa City. For the Northern Emirates, Ajman Downtown, Al Majaz, Sharjah and Al Hamra Village in Ras al Khaimah topped the list.
-Ends-
For media enquiries, please contact
Christina Grace at
christina@propertyfinder.ae
About Property Finder
Property Finder is the Middle East and North Africa’s leading real estate portal with presence in seven markets including Saudi Arabia, Egypt, Morocco and the United Arab Emirates.
The premier resource when looking to buy, sell, lease or rent, Property Finder attracts nearly 6 million unique monthly users across its mobile apps and websites, with over 2,375 registered brokers and developers.
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
