PROPERTY ABOUT TO GET AFFORDABLE BY 2017 IN DUBAI

UAE ATTRACTIONS

If you are looking for the property in Dubai then it is worth to wait for few more days as one can buy or rent property at low prizes in 2017 according to a year-end report released on Sunday by consultancy Phidar Advisory, a strong US dollar, relatively low oil prices and weak investor demand will help lower housing rents and sales prices in Dubai in 2017.

“The key to 2017 is affordability – so bigger, more expensive, but less scarce homes, especially in outlying areas with limited amenities, will fare worse than smaller, more affordable units in well-developed areas with quality infrastructure and amenities,” said Jesse Downs, managing director of Phidar Advisory.

The effect on US dollar and oil prices made an influence on the properties which are always at boom. But now one can think of it as the new year is about to start with beneficial news and profitable results.