Property Slump Has Further to Go, Say Bayut Experts
“Whatever the reports and analysis indicate but the slump in property values, price appreciation, the sales and the rent in Dubai properties will not end this year as well,” say Bayut experts. If you have plans to invest in this sector, you must do it now or wait a little bit more as the rates are not expected to rise even this year.
London, England -- (SBWire) -- 02/24/2012 --Bayut is the most authentic property portal that caters to your every need regarding Dubai real estate sector. This time it has something for all of you who have plans to invest in Dubai real estate sector. The experts of the portal say, ““Whatever the reports and analysis indicate but the slump in property values, price appreciation, the sales and the rent in Dubai properties will not end this year as well.”
The experts suggest that it is the right time to invest in Dubai rental properties to get steady revenue in the long run. Many of the experts on this portal along with analysts and even real estate agents believe that the Dubai property prices will fall further around 5 percent to 8 percent on average. Many investors have already flew away from Dubai and invested in Abu Dhabi real estate due to which Dubai real estate market seems to be under more pressure and prices can fall by more this year.
According to http://www.bayut.com , “Macroeconomic concerns along with a mismatch of Dubai properties supply and demand will further delay the recovery of Dubai real estate market.” On contrary, some of them also believe that prices will be stabilized within this year but they also believe that rates will not rise in this year. Therefore, if you have plans to invest in this region, especially in Dubai rental properties, for revenue in long term, it is the right time to invest here.
About Bayut
The site is regarded as the prime real estate property portal of Dubai in particular and the UAE in general. The site contains extensive listings of properties for rent and sale not just in Dubai but the rest of the UAE as well. All the listings on the site are regularly updated and verified bringing both the sellers and the buyers on the same page.
For more information please visit: http://www.bayut.com
Media Relations Contact
Rivaldo Gibs
Bayut
(+44) 870 7063021
http://www.bayut.com
View this press release online at: http://rwire.com/128204