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Mazaya Monthly Real Estate Report -
Week 1 - December 2015
In view of the great transformations
recorded in the real estate sector in the
emirate of Dubai, which is able to meet
the goals and desires of buyers and
investors, it has been noticeable during
the current period that the registration
of active movements by many real
estate development companies in the
emirate and targeting the Chinese market
through concluding strategic cooperation
agreements with real estate companies in
China, in order to strengthen its presence
in the Chinese market and expand sales.
Al Mazaya says that the Chinese market
is one of the very public markets for
real estate development companies at
present and in the future, too, particularly
for companies that are looking for
elite investors and lucrative and
attractive deals in the real estate sector.
In view of what is going on in major
real estate markets, price rises are
noticed to be recorded on prices
until the end of September and on an
annual basis. The Canadian city of
Vancouver recorded a 20% rise, while
prices rose in Sydney by 13.7%, and
Shanghai, China, by 10.7% during the
same period. This leads us to the fact
that the decline recorded on the prices
of properties in the Dubai market since
the beginning of this year and the high
level of diversity and competitiveness
will lead to a rise in the pace of foreign
investment, taking into consideration
the possibility of access to the market
which will be more sustainable
and more attractive for outside
investors in the next few months.