Dubai Real Estate Market Set For Rebound By End 2011

By Author: Alex Prop
Total Articles: 1
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The state of the Dubai property market has a much healthier outlook for 2011 according to leading property portal Just Property Dubai. The sharp decline in Dubai apartments and Dubai villas prices in 2009 and 2010 has somewhat abated and in certain areas of Dubai, prices of villas for sale (such as the popular Palm Jumeirah development) are on the increase.

Whilst there are signs that apartment prices in areas like the oversupplied Dubai Marina are still set for a slight price drop in the first half of 2011, the overall outlook for the rest of the year looks positive. Sales activity on the Dubai property portal http://www.justpropertydubai.com is already starting to pick up as investors are slowly but steadily making their way back to the Dubai real estate market and dipping their toes into the much clearer Dubai property waters.

Take for example some of the exceptional deals on offer at the Greens Dubai on Just Property Dubai. A top end luxury 1-bed apartment in the Links Tower with Emirates Golf Course view (currently advertised on the Just Property Dubai portal) can now be purchased for AED 650,000 with the ...
... prospect of an immediate AED 65,000 (10%) yield from a long term rental booking. A rental yield of 10% is almost unheard of at present in Europe and is a sign that the Dubai property market at present has a much stronger outlook than some may havebelieved.

There are other positive signals that Dubai apartments and villas for sale are on the up. The wider Dubai economy has had some positive news over the past months most notably from state-owned Dubai World who recently confirmed the successful restructuring of the majority of its debts and that work on key Dubai real estate projects such as Jumeirah Park and Al Furjan was to re-start imminently.

Whilst the Dubai property market still has some way to go before it is fully back on a firm footing, 2011 certainly has a more positive outlook for Dubai apartments and Dubai villas for sale.
Just Property Dubai is Dubai's leading property sales portal and sister portal to market leading rentals portal Just Rentals Dubai. Visit www.justpropertydubai.com and www.justrentalsdubai.com for further information and to start your Dubai property search.