Property Rates In Dubai Reduced Further By 20%

Property investors around the world are grabbing this opportunity to buy lavish homes in Dubai.

Online PR News – 01-July-2010 – – Dubai,U.A.E. - Property rates have already depreciated which has lowered cost of Dubai apartments. But many property investors were waiting for prices to still go down. There is good news for all of them who waited for property rates to decline further. Recent analysis has shown that prices of homes in Dubai may drop further by 20%. This will serve a good opportunity for many more Dubai real estate investors to buy luxurious homes at affordable price range. After finding out this news property investors all around the world are trying out various ways to buy the best home in Dubai.

Reports say that this fall in rates is because projects under construction are completed now. With the 20% drop the current average price is about 837 dirham ($227) a square foot. Now this is comparatively reasonable price range for people to buy lavish homes in Dubai. Along with foreign investors locals too are excited as they can now buy opulent houses within their budget. According to property reports there will be 41,000 residential units available by the end of the year 2010. Neighbouring city Abu Dhabi offers houses with 20% higher rates. So there are more people interested in buying homes in Dubai rather than Abu Dhabi.

AJ Real Estate is proud to be among the pioneers of real estate in Dubai. The company has earned a respect from investors around the world. The company provides personalised approach to their every client which has made it one of the successful companies in UAE and other parts of the world. All the issues regarding buying, selling and leasing a property are resolved by the efficient company professionals. Company website is self explanatory and highly informative. It has been very useful to everyone who is looking froward to make property deals in Dubai.

Know more about AJ Group - Dubai Property Services at:

Contact Details -

AJ Group
Office No. 202, 2nd Floor, Al Safa-com Building,
Khaleed Bin Waleed Street, Bur Dubai
P.O. Box 213612, Dubai, United Arab Emirates
Tel: +971 4 396 6562
Fax: +971 4 396 6486