Home » General Health » Future Of Dubai Real Estate According To Fitch Rating

Fitch is an international rating agency which has recently predicted the future of Dubai real estate. Best Dubai Properties According to it, real estate market in Dubai does not seem to be recovering until 2012 to 2013. The

major reason daunting the recovery process, according to it, is oversupply of properties. Properties In Dubai For Rent Best Dubai Properties will provide gracious and unique element to the people along with

world class and better facilities.On the other hand, banks are unable to increase demand by lowering their interest rates to the minimum due to significant

refinancing risks faced by them. As a result sufficient amount of mortgage loans are unavailable and interest rates are increasing on them, keeping this sector

under constant pressure. Properties In Dubai will give dreaming to get the modern home along with comfort and luxurious facilities.Fitch predicted that the

Dubai rental market will face a decline of 20% to 40% in the upcoming quarters of 2011. This decline is likely to continue in the next 12 to 18 months. This is

because of the reason that many real estate developers continue lowering their rents to rent out their property on whatever price they get for it. They think to get

little is better than to get nothing. http://www.topdubaiproperties.com/Property In Dubai is a kind of project that will give promotion that has taken place along

with international roots.Fitch added that unavailability of mortgage loans and their high cost is forcing developers to sell their assets to complete their upcoming

and halted projects and pay off credit liabilities. But this cannot continue in the long run. Without the interference of government and central bank of Dubai,

developers cannot repay their liabilities for which maturities are falling near. That is why, they are currently relying more on short term maturity loans. The

developers need support in the shape of lowering cost on mortgage loans and further relaxing of lending criteria. Dubai Properties will give the most prime

support to the people along with the green expandable and fresh residential atmosphere .Also, Fitch highlighted the current Dubai real estate market situation.

According to the latest report, sales prices of the Dubai properties showed stagnant growth in first and second quarter of 2011. Apartments and commercial

properties in Palm Jumeirah and DIFC still fall under high price brackets. When it comes to the condition of villas, their rental prices also showed stagnant

growth except in the two places: “Meadows” and “The Springs” where 5% to 6% decline has been observed due to oversupply of units. Rental Properties In DubaiProperties in Dubai for Sale Dubai House can be

considered as the most outstanding promotions that will generate great living opportunities in the mind of people along with the spacious features.Also, the

prices vary according to the level of facilities and amenities contained in the houses or apartments. Report also added that Palm Jumeirah remained the most

expensive place to live in, in the first and second quarters of 2011.Properties In

Dubai Fitch concluded Dubai real estate market is showing stagnant signs of stabilization so it will take some time till it recovers completely.

This time seems to come in 2012 to 2013.

Published at: Recent Health Articleshttp://recenthealtharticles.org

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