James Gauduchon, the marketing manager at Better Homes, seems to have spied a green shoot for the Dubai property market. He shares his take with Crane Country:
Valuations of the Springs two-beds have come back up to Dh1.2M. They were at Dh1m last month. Some areas have reached their limits, but others still have some room to reduce a bit further. I believe that the only reason prices will fall further aside from lack of financing, is the possible reduction (and decreased demand) of population during the summer, of which a proportion may not return to the Emirates. If lending comes back by July, we should see an influx of investors after Ramadan & pick up in transactions towards the end of Q3 & all of Q4 (apart from mid-late December)
Anyone else seen a price bounce recently?
Springs prices bounce back
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