According to Bayut, the leading Dubai property portals of the United Arab Emirates, prices of residential properties in Dubai, which was a costly place to live, has climbed down the charts to be within the reach of middle class.

London, England -- (SBWire) -- 10/14/2011 --As per Bayut, the leading Dubai real estate portal in the United Arab Emirates, the prices of residential properties have elicited a very positive response amongst the middle class, enabling it to be in a better position to afford a place of their own in the city. As the Dubai real estate slowly begins to emerge from recession, the prices of properties are beginning to stabilize but the residential sector of city still offers hope for those who could never afford it before.

According to Bayut, the site that is widely regarded as the most authentic source on prices of properties in Dubai and other areas of the United Arab Emirates, the process of recovery has been slow for residential sector of the city. This slow recovery, while on one hand has irked the landlords but on the other, has proven to be no less than bliss for the middle class. So in other words, there are people who are benefiting from the recession in Dubai but in an unlikely way.

For years, Dubai has been the perfect example of luxurious living for not just the local residents of the United Arab Emirates but for everybody around the globe. This charm of the city resulted in a steep spike in the prices of properties and rent in Dubai but the situation did not last for long. Many of the people who were previously forced to relocate because they could not afford a decent living in Dubai are flocking back to the city because of the drop in prices.

About Bayut
Bayut is the prime portal of the United Arab Emirates that is widely regarded as the most authentic reporter of Dubai real estate news. The dynamic site serves as a connecting platform for buyers and sellers to find the best prices as well as the properties in Dubai and the rest of the United Arab Emirates.