Average Dubai villa asking price Dh1m

21/04/2011 - Dubai Property News Posted by Bob Brunskell
Average Dubai villa asking price Dh1m

Property investors are witnessing a strengthened market in Dubai this quarter, with the average villa price going for around Dh1 million.Emirates 24/7 reported that real estate agents and landlords are posting prices of at least Dh975,000, whereas at the end of 2010 the same properties were going fro Dh900,000.Indeed, reporting figures from dubizzle.com, the news provider stated that some properties have risen from Dh1.3 million to Dh1.35 million in just one month.It noted that these price rises are in a selected number of areas of the emirate, while other areas are experiencing stable price levels and some declines.Laura Adams, manager of residental sales and leasing at Better Homes, told the news source: "The market has settled and shows great improvement for the rest of 2011."The banks are coming in with some good rates for expats and good repayment plans which will see more people buying."It was reported earlier this week that Dubai could receive up to 3,500 new villas as construction projects come to completion, according to the Landmark Advisory.