Ahead of Expo 2020, supply is coming in fast as developers rush to finalise projects. We will continue to see this trend in 2019, but it is important to see where users are searching and what they are looking for. Here’s a sneak peek at where our users searched the most in November and areas where developers added new supply, with key market trends observed by our Senior Research Analyst, Carla Issa.
Key Market Trends for November:
- Supply won’t stop, but is there the demand? 2018 has already seen 19,881 completed residential units to date in comparison to 17,500 units in total for 2017
- 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% on average. Rendering property a fairly sound investment for the discerning investor
Carla Issa
Senior Research Analyst
Property Finder Group
For data & research inquiries, email Carla on carla@propertyfinder.ae
Data source: Property Finder research, November 2018
