close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

The UAE’s precarious property trapeze

The UAE’s precarious property trapeze

There was little to no movement in Dubai’s villa developments while oversupply continues to erode apartment values, according to a report on Dubai’s property market for Q1 2011.

1

April 10, 2011 3:39 by



• Other villa locations, such as Victory Heights and Motor City have seen moderate drops of 3.6 percent down from Q4 2010.

• Apartment values continue to drop due to stock oversupply. Again, similar to villas, the lower end of the market have seen the highest decreases, where units in areas such as Discovery Gardens and International City have fallen by 8.9 percent from last quarter.

• Signs of a ‘flight to quality’ market shift continue, as units which are regarded as high end, in locations such as Dubai Marina, Old Town and Palm Jumeirah have seen drops of only 3.7 percent from the end of 2010.

Residential leasing sector – Market Analysis:

• Rental values for apartments continued to feel pressure from tenants who continue to take advantage of the over supplied marketplace with apartment rental figures falling between 8-10 percent on Q4 2010.

• The villa rental market has proved to be slightly more resilient in the more established freehold areas but is expected to soften as we move into the summer.

• Villa prices and rentals are expected to fall in some areas due to the ever-increasing release of notable new freehold units in developments such as The Villa, Falcon City, Sports City and Jumeirah Village. These emerging developments lack local amenities and community facilities, which is a deciding factor for prospective tenants and owner-occupiers before they invest.



Pages: 1 2

1

Tags: , , , , , , , , , , , ,

1 Comment

  1. Debbie G on June 3, 2011 12:41 am

    How is the supply/need of villa rentals in Dubai? is there a good market for Dubai holiday rentals yet?

     

Leave a Comment