jasminealiana0
Registered User
Registered:
1/12/2021 | posted: 9/8/2021 at 10:30:27 AM ET
Will Marsa al Arab property prices rise? Over the past few years, many investors from Dubai and Saudi Arabia have bought up large plots of land in this desert oasis to build luxury homes and businesses. However, in recent months, many of these properties have been left empty with the local population having moved on to the relative prosperity of bigger cities in the Middle East. Marsa al arab, with tourism numbers are rising and the economy is growing, there is little reason that the prices will not rise again in coming years.
Marsa al Arab is a great place for investors because the sands are completely free of all soil and rocks, which makes it a very stable investment. There are no competing offers for any land and since the area is so flat, you can build as many houses as you want in any direction you like. This is unlike some other desert properties where development has to be approved by another government or it may still require an investment permit. The fact that you can now buy and sell property in this part of Dubai also offers a great opportunity for first time property buyers who can snap up a bargain property for as little as half its price.
So, will property prices in Dubai rise again? Well, they are probably already too high and there is no end in sight. However, you should take advantage of cheap property sales in the region to get a bargain, or to strike a deal at a much lower price than what you originally thought. Dubai's real estate market is one of the best in the world, and with developers still struggling to get in over the head of their competitors, it looks set to continue to grow for years to come.
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