Dubai Distress Apartment And Flat Sales

Times are hard for Dubai’s developers. Whereas previously they had things easy as the Dubai real estate market boomed, and they were able to release development after development, most of which sold out within the 1st day of release, things in today’s market are markedly tougher. With investor confidence in Dubai property very low, the Dubai Real Estate Regulatory Agency (RERA) has brought in a number of measures to tighten up things in regards to property developers, and what they can and can’t do. The changes have been far reaching, and will have a dramatic impact on the market. But is not just this which is causing developers’ problems. They also have to compete with distress villas and apartment sales. Dubai distress apartment and villa sales are now becoming more and more frequent, and at present in this market crash, are making up the large majority of sales. Developers can only lower their prices to a certain level, where as Dubai distress apartment sales have seen crazy reductions.

Whilst Dubai distress apartment prices have not quite seen the same reductions of some Dubai villas distress sales, which have been up to 60% price cuts, they still offer some great bargains compared to the prices that would have been expected in 2008. Dubai apartments are some of the most luxurious in the world, with a huge variety of living environments and apartment styles from which to pick. And one advantage that Dubai freehold apartments hold over villas is that whereas villas are only located in a few locations in Dubai, apartment can be found all across the city. With the Dubai property crash, and job losses being seen across the globe, it is no big surprise that some people have not been able to keep up with payments on their properties. Forced to lose the property or make a distress apartment sale, owners are quickly looking to offload their property at a highly reduced price.  And it is these distress apartment sales that offer buyers a great investment opportunity. What is one person’s loss is another’s gain. And with such substantial reductions distressed apartment sales offer an enticing prospect to anyone thinking about purchasing Dubai properties.

If you are searching for an apartment or flat at a distress sale price contact us on the link below for the best prices on the market today.
 

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