google.com, pub-7850144154840291, DIRECT, f08c47fec0942fa0 Motor City, Dubai: April 2017

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Monday, April 10, 2017

Is Motor City the bright spot in Dubai?

At a time when real estate prices and demand appear to be softening across Dubai, Motor City continues to be a bright spot. The volume sales of residential units in Al Hebiah First have apparently increased sharply in Q1 of 2017 compared to Q1 of 2016. 

The volumes sales in the quarter were up by 50% during the quarter compared to 2016. While increase in sales transactions is predicted in a softening market as more potential purchasers scout the market, what is remarkable has been that the value of transactions which has also grown albeit at a lower 30%. This is due to the volume growth being driven by smaller apartments including studios and 1 bedroom apartment.



The rate per square foot which is a good indicator of quality of the market remained soft down marginally. 

Relatively speaking Motor City appears to have outperformed the rest of the city. Can this point to greater returns over the next few months and years?

What is your opinion? Let us know by commenting below.

Sunday, April 2, 2017

The summer is here again

The summer is here again. Motor City is now a mosaic of colors as the tree lined paths erupt into beautiful hues over the next few days and weeks. 

The arrival of Dubai's summer also signals the annual makeover that Motor City receives in the form of its range of flowers in various hues. Flowering trees and plants beckon the residents out for walks and get together with neighbors. 

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O Flowers

  Flirt with colorful butterflies Fall a deep sleep in afternoon warmth Enjoy melodious sounds of chirping birds....