Residential property market in Dubai sees stability and growth in some locations

Residential sales transactions saw a natural increase in January and February 2012 as mortgage lenders compete to offer the most attractive packages, according to the latest real estate report from Cluttons.

The Lakes, the Springs and the Greens have all seen price gains since the third quarter of 2011 and resonance of the Arab Spring continues to help the Emirates maintain its safe haven status, says the firm, which has had a dedicated Middle Eastern presence since 1976.

Its 2012 Quarter One market report says that the overall trend in the marketplace is positive, with stability and even growth seen in certain locations over the past six months. Residential sale transactions saw a natural increase in January and February particularly in the villa market, aided by the confidence given by the resurfacing of the local mortgage market.

Source: PropertyWire.com

 

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