Dubai Marina with Jumeirah Beach Residence and Palm Jumeirah in the back ground has become a favourite place to live for expats in Dubai.
Just a quick “heads up” on the real estate market outside the SEO and SEM world in Dubai and UAE.
The real estate market continues to fall in Dubai and the rest of the UAE. The main cause currently is the banking sectors unwillingness to lend money to people that wants to buy real estate. The effect right now is dramatically lower prices than the 2008 summer. Many places prices have actually dropped 50%. Projects that are not close to finished have fallen even further due to insecurity about their true handover date.
This actually creates a lot of bargains in the market, where people with cash really can pick up good deals. Deals that will increase in value once the lending comes back to the banking sector in full force.
Two of the biggest real estate agents in Dubai are Better Homes and Premier Real Estate.
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