This might be the best time to invest in Dubai as property prices drops

If you’re thinking about buying property in Dubai, now could be the best time.

Prices for an apartment in the emirate could cost you less than Dhs400,000 according to new report which states the cost was much higher up to seven years ago.

The reason investing in a flat or villa is a good time now is because home loan rates have decreased as well as money you’d have to fork out for an abode.

According to analysts the financial drop for purchasing homes in Dubai is down one fifth since 2008 and there’s indication the cost will continue to decline over the next few months or at worst remain stable. So if you’re looking or a bargain, now’s the time to persuade sellers to lower costs.

It might not come as a surprise to some that Dubai residents may be getting more for their money as 12,000 apartments are on their way this year, spoiling those living here for choice.

Some particular complexes are continuing to attract people, only making the price of living certain places more competitive.

SOURCE – Timeoutdubai