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Developers’ New Strategies Newsletter May 2015 .pdf

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De elopers Ne Strategies
Newsletter – May 2015

www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate

Affordable housing has been the talk of the town for the past few months, some developers
have started complying with these demands in-order to meet the new market conditions and
start offering residential options to mid-income residents. This month Zahra Apartments was
launched, located in Town Square, these off plan project offers units from just AED 349,988.
In compliance with the UAE Central Bank Regulations mortgage providers are allowed to
provide home finance to investors and end-users; majority of the banks in the country restrict
mortgages to expatriate residents earning a minimum income of AED 15,000 per month. Abu
Dha i Finan e, one of the ountr s largest mortgage provider, is currently working with some
master developers to offer mortgages on residential properties aimed to mid-income residents
earning AED 10,000 per month.
With sale and rent prices softening in most areas of Dubai, developers are performing extensive
analysis to ensure that their projects match with the current market demand and requirements;
MAG Group reconsidered its developments and announced the cancellation of some projects
including MAG 222 in Dubai Marina, which plot has been sold and MAG 228 in International

www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate

Since the beginning of the year we have witnessed stable sale prices in Downtown, while in
Business Bay, Dubai Marina, Jumeirah Beach Residence and Dubai Land a slowdown has been
recorded. As sellers become more fle i le ith their pri es u ers negotiations strengthen
leading to a reduction in sale transaction prices on average across the city.

Kind regards,
Estelle Risse
Research Analyst

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Dubai Real Estate News

Dubai property prices expected to soften further in 2015
In its Real Estate predictions report, Deloitte said the residential sales prices in
Dubai look set to soften by a further 1 to 5 per cent and stabilize thereafter.
Read More
Dubai rent rise pace slows down in Q1 2015: Report
The survey showed that Dubai residents are still very likely to move homes due to
the continued rent increases.
Read More

www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate

'Affordable' mortgages for Dh10,000 earners?
Abu Dhabi Finance (ADF) is working to deliver a home finance product for
residents earning Dh10,000 per month.
Read More
Du ai s property pri es

o i g i to s eet spot

Du ai s de elopers are starting to hit the s eet spot in pri ing — anywhere
between Dh600-Dh900 a square foot — for off-plan launches aimed at a budget
conscious buyer.
Read More
Freehold or leasehold: Which property 49% cheaper to rent in Dubai?
Freehold or leasehold: Which property 49% cheaper to rent in Dubai?
Read More

www.roostland.com | Dubai Real Estate Broker – Roots Land Real Estate

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