Market swoons only last for so long in the real estate world and they are almost always followed by a rise in prices. The residential markets always need a magical spark or a catalyst that causes a recovery. What is needed to be seen first, though is a recognisable market-bottoming event, such as a big buyer moving into a distressed market. Market theorists will tell you that the best cure for low prices is: low prices. Additionally, Dubai is also working towards building up to the Expo2020 and there is no doubt that visitors will be drawn towards the lowered price ranges of the sector. The government’s constant corrections to the market are working to create an investment-friendly environment for the landlords for both, further encouragement and empowerment.
The increase in mortgage transactions is a very positive sign. It demonstrates more end users are buying, which will help stabilize the market as long-term buyers or investors are displaying confidence to invest in real estate.