Asking prices on the up for Dubai villas

14/09/2011 - Dubai Property News Posted by Neil King
Asking prices on the up for Dubai villas

Asking prices for villas in certain areas of Dubai are on the rise, it has been reported.This could come as encouraging news for a number of property investors with portfolios in the Middle East.According to a recent report by Emirates 24-7, demand for villas in the Meadows area of Dubai has pushed asking prices up by ten to 20 per cent since the beginning of the year.Jan Tabrizi, manager of residential sales and leasing at Better Homes, told the news provider that prices have increased as a result of a lack of stock in the market."The villas that are within the Emirates Living district are in a community that is well established and are within close proximity to everything," he commented."Distress sales are long gone from the market and when there is demand and not enough stock that is when the prices start going up."