Bustling Locations Vs Peaceful Suburbs

Lewis Allsopp, CEO of Allsopp & Allsopp explains the possible reasons for the rise and a couple of comments from buyers. It also states price differences between inner city communities and suburban communities: “A 1,557 square foot 2-bedroom apartment in Dubai Marina’s Silverene Tower with a Marina view is AED 2.7M whereas a 1,769 square foot 2-bedroom apartment in Damac Hills with a full golf course view is AED 1.3M. A difference of AED 1.4M and the apartment in Damac Hills is more modern and larger.”

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Low LTV ratio a tough barrier for homebuyers

Once we see movement in first-time buyers, we will see a domino effect through the market with a lot more activity, positivity and confidence.” Lewis Allsopp, CEO of Allsopp & Allsopp.

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