{"id":13088,"date":"2016-05-15T14:54:45","date_gmt":"2016-05-15T07:54:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=13088"},"modified":"2016-05-15T13:20:45","modified_gmt":"2016-05-15T06:20:45","slug":"uae-residents-go-house-hunting-buyer-interest-at-two-year-high-says-propertyfinder-ae","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-residents-go-house-hunting-buyer-interest-at-two-year-high-says-propertyfinder-ae\/","title":{"rendered":"UAE residents go house hunting: Buyer interest at two-year high, says propertyfinder.ae"},"content":{"rendered":"


\nProperty portal propertyfinder.ae has said that buyer interest in new homes in the UAE is running at its highest level in two years, having increased by 28 per cent since January.The company said that property prices had fallen by 20-40 per cent in most parts of the country over the past 18-24 months, and that uncertainty in global markets at the start of the year, when oil prices hit 14-year lows, had hit market sentiment. However, the company’s chief commercial officer, Lukman Hajje, said that the ratio of site users looking for property to buy had increased to 32 per cent of the total in the first half of this month – up from just 25 per cent in January.”This is a significant shift from January and is the highest level of buyer interest we’ve seen since mid 2014,” he said.He was unwilling to state that the market has bottomed out, though, as other commentators have claimed. A report by Unitas in March suggested the market had already bottomed out, while Valustrat said that its index of property prices in Dubai reported positive price growth in both February and March this year. The Dubai Land Department also reported a 14 per cent increase in transactions, albeit at lower prices than in the first three months of 2015.”It’s still too soon to be certain,” said Mr Hajje. “It’s definitely a buyer’s market and most sellers are negotiable on their price. But that could change quickly,” he said.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…UAE residents go house hunting: Buyer interest at two-year high, says propertyfinder.ae<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property portal propertyfinder.ae has said that buyer interest in new homes in the UAE is...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-13088","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3p6","jetpack-related-posts":[{"id":14210,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-landlords-fight-to-keep-hold-of-tenants-but-savvy-buyers-snap-up-bargains\/","url_meta":{"origin":13088,"position":0},"title":"Dubai landlords fight to keep hold of tenants but savvy buyers snap up bargains","date":"May 24, 2016","format":false,"excerpt":"\r Leasing activity in Dubai's residential market tailed off towards the end of the first quarter as landlords proved more willing to negotiate on rents to keep existing tenants in place, according to a report from Asteco Property Consultants. Although apartment rent declines were \"limited\" over the quarter, with affordable\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39781,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-off-plan-in-the-uae-what-you-need-to-know\/","url_meta":{"origin":13088,"position":1},"title":"Buying off plan in the UAE – what you need to know","date":"January 6, 2017","format":false,"excerpt":"\r Buyingoff plan has its risks and rewards. The main benefit is typically a lower price. Developers usually offer between 10 and 30 per cent lower prices for off-plan and under-construction properties. The closer to completion, the higher the price (typically) becomes.These days developers are luring buyers with increasingly attractive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-off-plan-property-in-the-uae-what-you-need-to-know\/","url_meta":{"origin":13088,"position":2},"title":"Buying off plan property in the UAE – what you need to know","date":"January 6, 2017","format":false,"excerpt":"\r Buying off plan has its risks and rewards. The main benefit is typically a lower price. Developers usually offer between 10 and 30 per cent lower prices for off-plan and under-construction properties. The closer to completion, the higher the price (typically) becomes.These days developers are luring buyers with increasingly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/70-of-uae-residents-opt-to-rent-rather-than-buy-a-home\/","url_meta":{"origin":13088,"position":3},"title":"70% of UAE residents opt to rent rather than buy a home","date":"July 17, 2016","format":false,"excerpt":"\r Findings by propertyfinder.ae follow decreasing property prices in the past two years\r \r Source : arabianbusiness.com\r Read more...70% of UAE residents opt to rent rather than buy a home","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28541,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/call-to-loosen-uae-mortgage-cap-boosting-first-time-buyers-prospects\/","url_meta":{"origin":13088,"position":4},"title":"Call to loosen UAE mortgage cap, boosting first-time buyers' prospects","date":"October 4, 2016","format":false,"excerpt":"\r The UAE Central Bank should consider cutting the mortgage cap for first-time buyers to encourage more residents to become homeowners, according to Kensington Exclusive Properties' head of sales, Mario Volpi.Speaking as part of a panel at an industry breakfast briefing event held on Tuesday by property consultancy Cavendish Maxwell,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-cycles-signal-that-dubai-has-a-bright-future\/","url_meta":{"origin":13088,"position":5},"title":"Property cycles signal that Dubai has a bright future","date":"May 27, 2016","format":false,"excerpt":"\r A combination of supply and demand dynamics, the oil price and the outlook for the global economy will determine whether Dubai housing prices have another boom by the Expo 2020. But I remain very optimistic that this will happen. Why?First a glance back at where we have come from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/13088"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=13088"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/13088\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=13088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=13088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=13088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}