e: 15 Apartment for sale in Torrequebrada. It is a flat in a set of Torrequebrada, with fantastic views, and high quality. This apartment in Torrequebrada is very bright, and disfurata an unbeatable situation near beaches.
Floor apartment in Torrequebrada.
After the unsustainable growth surge of the last two years, Dubai’s housing market is now slowing sharply, and the same is true in Abu Dhabi.
During the year to April 2015, Dubai’s all-residential property price index (RPPI) fell by 2.8%, the first month of y-o-y decline since March 2012 and in sharp contrast with the spectacular 37.5% surge during the same period last year, based on latest figures released by Reidin.com. When adjusted for inflation, Dubai house prices actually dropped 6.8% over the same period. Dubai’s RPPI is calculated monthly and covers 7 cities, 8 main districts and 4 major projects. Abu Dhabi’s RPPI is also calculated monthly, and covers 7 cities and 4 main districts.
Dubai's property market has been one of the world's most volatile. Dubai saw one of the world's worst housing crashes with house prices plunging by 53% from Q3 2008 to Q3 2011. The housing market started to recover in Q2 2012 with double-digit house price increases since then.
The Federal Mortgage Cap, introduced in 2013, has slowed the pace of residential value appreciation in Abu Dhabi and Dubai. In addition, the Dubai Land Department recently doubled property registration fees from 2% to 4% to dampen property demand.
Some local property analysts remain optimistic about the future of the UAE property market. “We think the market is currently letting go of that speculative pricing layer, which once peeled, would result in a more holistic price level. We continue to believe that the current easing of prices is a result of market correction that will soon peg the demand and supply forces at a sustainable level,” said Haider Ali Khan, CEO of Bayut.com.
Others expect large house price falls. Real estate consultant Jones Lang LaSalle and the ratings agency Standard & Poor’s expect that average house prices in Dubai could fall by between 10% and 20% this year.
Maybe, some kind of world property market can pull up UE market, Spain incluided would be great!!!
