Written by Neil King
Many property investors realise that the Dubai property market is offering a window of opportunity to snatch up prime real estate at a lucrative discount, the National reports.
Speaking to the paper, Graham Dixon, a property investor and expatriate living in Dubai, said that affordability has improved substantially in recent months.
"I don't think we'll get these prices at any other time. I've made up my mind to buy and will try and negotiate as much as possible," he said.
Meanwhile, the paper warns that buyers who fail to act quickly could end up missing out on the one-time prices seen in recent months as property prices in Dubai's most popular neighbourhoods begin to move upward.
Earlier this month, the National reported that real estate prices in Dubai and Abu Dhabi have risen considerably in recent weeks, with a 12 per cent jump witnessed in June as investors entered the market in search of property selling at a discount to its true market value.