April was the hottest month and the demand for Dubai real estate was high too. However, Dubai still managed to pull up its socks and stayed on top of the rest of the market as investors scrambled to get their hands on the properties that they could get. They bought a lot of villas for sale in Dubai that were simply sold out. The industry did not take this hit completely but saw a slight dip in activity.
The dip in activity may be due to the new lease deal that the authorities have done with some of the leading private developers. These developers are now free to enter into commercial real estate deals in Dubai which mean they can now take advantage of the real estate boom in the city. A whole new crop of developers has entered the fray and they are all gunning for prime positions. The rates they want will go up faster than anything. Hence, we have the new lease deal in Dubai that is taking people by storm.
Villas for sale in Dubai saw a huge increase in activity last month but surprisingly, no major international property developers joined the fray. This means that the property prices actually dropped a little. This drop may well have been due to the fact that there were very few builders in the loop. Only a few developers were left in the loop after the months long build up.
One of these developers is Fazal Investments, which has a great reputation. One of the things that made them such a popular choice was the fact that they offered property for sale in Dubai that was designed by world-renowned architect Frank Gehry. His design won him many awards and it was a great showcase of his talents. Other real estate giants like Xaero and Toubro had also snapped up villas for sale in Dubai in this same period. In fact, they had planned to make this their promotional campaign from the last months. However, they never got off the ground as the demand did not materialize as expected.
This is one of the primary reasons why villas for sale in Dubai saw a huge fall in its rate. Developers saw this opportunity and jumped in. There was a glut of new projects around the corner in Dubai. They simply could not compete with this amount of supply. Even if they started the project now, it will be difficult to finish it before the end of this year. Dubai’s economy is also dependent on foreign investment.
If the investors who had purchased villas for sale in Dubai have not yet sold them, there are still buyers. This is good news for us. After all, there is no need to invest even more money when we can find a buyer in a matter of a few months. There are a lot of advertising avenues for property sellers. The marketing professionals know how to market their properties well.
However, there are still areas that require some work. If you are going to sell a villa in Dubai, it should be ready for inspection. If it is not, you are likely to lose your investment. Property inspectors can be hired for this job.
Once your property has been examined and approved for sale, the best thing you can do is to advertise it. You can do this either by newspaper ads or online. Property for rent in Dubai is a highly sought after commodity. Selling it should be done quickly to maximize your profits.