Like other major Cities, the Dubai property market has seen quite a substantial price adjustment in the past couple of years.
I have written allot in the past about Buyers and Sellers negotiating, so I wanted to see if there had been a change in the asking prices compared to recent sold prices.
I have taken the average of the top 5 lowest priced properties advertised on propertyfinder.ae and compared them to the average price of the last 5 properties sold over the last 3 months from propertymonitor.ae (transactions from the Dubai Land Department).
The results are very interesting, it shows that the vast majority of Sellers are listing properties to SELL.
More than ever this proves that now is the time to buy, we are seeing some of the lowest prices in recent times.
Dubai still has some of the cheapest properties with best returns in the World.