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The Dubai Residential Index and The Global Financial Crisis While the Dubai residential index does show a slum in the residential prices all across the city, this has not stopped potential buyers and tenants completely. It is true that the global economic crisis has hit Dubai hard as well and hence we have seen lower rentals and sale prices. However, the situation will only improve and therefore we recommend investing in Dubai if you can afford it! A Tenants Market Rentals of Dubai residential properties have reduced quite drastically. This is mainly due to two reasons, both being tied in with the economic slump. The first one is the fact that a lot of expects have actually left Dubai for various reason like they might have lost their jobs, they can’t afford to stay there anymore etc. This has left more vacant properties in the market than there is demand for. The second reason is that fact that people are cautious about higher rent and hence landlords have been forced to reduce the rentals. We have a lot of excellent properties going for unimaginable rents if you can afford them. A Buyers Market Our other kind of customer who the rating of the Dubai residential index seems to favour is the buyer. If you are keen on investing in Dubai, we can offer your some great deals on some of the best properties that the city has to offer. The market is not going to remain like this forever and when it does pick up you will find that your investment has appreciated quite a bit. Residential Prices If you are looking at investing in Dubai residential properties your timing could not be better. The only downside about an investment that is made now is the fact that you might have to settle for a lower rental till the market picks up. Prices of residential properties on our listing have fallen by at least 4%. Residential villas though seem to have taken the biggest hit. Their prices have crashed by at least 19%. Insulating the Market With all of the global economic crises countries seem to have learnt a lesson and are now taking preventive measures to make sure that something similar to this will not happen again. With the Dubai residential index painting a pretty sorry picture as well, our sources tell us that the authorities of the city too are working to make sure that the real estate sector is more or less insulated from any further such fallouts.
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