Skip to main content

is part of the Informa Markets Division of Informa PLC

  • INFORMA PLC
  • ABOUT US
  • INVESTOR RELATIONS
  • TALENT

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cityscape Global
 
Cityscape AbuDhabi

November 2021 online

7-11 NOVEMBER IN-PERSON AT EXPO 2020

    • Sign-Out
    • My Profile
  • Portfolio
    • CS INTELLIGENCE
    • ABU DHABI
    • EGYPT
    • NEXTMOVE
    • QATAR
  • Overview
    • Show Information
    • Show Gallery
    • Travel Information
  • Real Estate Sectors
    • Residential
    • Commercial
    • Industrial
    • Retail
    • Hospitality
  • Visit
    • Register your interest
    • Your safety at Cityscape
    • Why visit?
    • Sponsors and Exhibitors
    • Exhibitor Directory
  • Exhibit
    • Enquire to exhibit
    • Back to Business with Cityscape
    • Why Exhibit?
    • Sponsorship and Digital Opportunities
    • Exhibitor Directory
    • Exhibitor Essentials
    • Preferred Suppliers
  • Summit
    • Cityscape Intelligence Arena
    • Cityscape Intelligence Talks
    • Cityscape Awards
  • Content
    • Latest Articles
    • Media Centre
    • News and Press Releases
    • Media partners and supporters
    • Sustainability
  • Contact Us
  • Book a stand
  • Dubai, 3rd most affordable major city for prime residential property

 

Savills has released its latest insight into prime residential property with the release of the Savills World Cities Prime Residential Index (H1 2019) and Dubai ranks as the third most affordable major city in the index for purchasing prime residential property. While the analysts identify that Dubai property prices have dropped over the past five to ten years, investors willing to hold property as an investment for a longer period of time can take advantage of attractive yields. In-house Savills research into prime residential rental yields, pinpoint Dubai as the fourth best global hub for returns on investment (4.6%).

Swapnil Pillai, Associate, Research Middle East at Savills said: “It is a good opportunity for domestic and foreign investors to look at Dubai. Firstly, because the time is right as it is far more affordable to purchase prime residential property now due to lower transactional costs and overall lower prices when compared to other major cities. 

Sign up to hear more

You understand that your information will be used in accordance with our Privacy Policy, and that you may withdraw your permission to receive any of our communications at any time.

You understand that your information will be used in accordance with our Privacy Policy, and that you may withdraw your permission to receive any of our communications at any time.

You understand that your information will be used in accordance with our Privacy Policy, and that you may withdraw your permission to receive any of our communications at any time.

Privacy Terms

By continuing, you accept that Cityscape Global may contact you with updates, relevant promotions and information about future events provided by Informa Markets. Your details may be shared with carefully selected partners who may contact you about their products and services.

You understand that your information will be used in accordance with our Privacy Policy, and that you may withdraw your permission to receive any of our communications at any time.

 

Investors are paying less for top class specifications. Secondly, strong rental yields mean that long-term investors could generate robust annual returns when letting out property in the city.”

It is transparent that capital values in Dubai have not grown at the same rate as other global destinations over the past 10 years, but that is not to say that the next 10 years will mirror this. In Dubai, demand is still strong; however, a mismatch of supply and demand has compressed prices. As supply/demand balances out over time, prices will adjust accordingly, so investment towards the bottom of the cycle could be a shrewd move.”

Price growth across the world’s leading prime city housing markets has continued to slow during the first half of 2019, rising by just 0.4%, taking the annual growth to 0.7%. This compares to an annual increase of 5.1% in the year to June 2018.

“There are a number of reasons why the prime residential markets in global cities are seeing a slowdown, with Government policy, the cost of money, increased supply and global economic uncertainty all playing their part,” says Sophie Chick, head of Savills World Research. “Despite this, we do not expect significant price falls across the index, but that growth will remain flat or experience small increases in value in the medium term.”

Latest data from Savills World Cities Prime Residential Index shows that Berlin and Paris have seen stand out growth for prime residential property of approximately 4% over the last six months and 8% over the last year. Both markets have low supply levels coupled with increasing demand from domestic and international buyers.

The six months to June 2019 also marked a turning point for a number of Chinese cities as prices increased following falls during the second half of 2018. This follows a slight loosening of housing restrictions as their economy slows. Hong Kong, which still has the most expensive residential property in the world at US$4,730 per sq. ft. / €45,400 per sqm, saw growth of 1.3%.


Source: Savills Research

BACK TO THE CONTENTS
img-responsive
Top Back-to-Top

Exclusive Hand Hygiene Partner

0

Sponsors & Partners

  • Dubai Govt

    Government Partner

  • DLD

    Government Partner

  • JLL

    Knowledge Sponsor

  • Knight Frank

    Knowledge Sponsor

  • Land Sterling

    Knowledge Sponsor

  • Sobha

    Summit Sponsor

  • Azizi

    Summit Sponsor

  • Farrbury

    Summit Sponsor

  • Eltizam

    Summit Sponsor

  • Damac

    Summit Sponsor

  • Clear it

    Start-up Partner

  • White Bricks

    PropTech Partner

  • houza

    Portal Partner

 

 

 

SHOW DATES

ONLINE:

Throughout November 2021

CONFERENCE:

Sunday, 07 November

Monday, 08 November

EXHIBITION:

Tuesday, 09 November

Wednesday, 10 November

Thursday, 11 November

QUICK LINKS

  • Your safety at Cityscape |
  • Book Your Stand |
  • Download Exhibitor Brochure |
  • Register Your Interest |
  • Advertise with Cityscape |
  • Exhibitor Directory |
  • Latest News |
  • Sitemap

CONTACT US

  [email protected]

Kara Patterson
Exhibition Manager
[email protected]
+971 52 608 7192

Britta Connell
Sr. Marketing Manager
[email protected]
+971 52 608 7191

FOLLOW US

Informa Markets

Copyright © 2020. All rights reserved. Informa Markets, a trading division of Informa PLC.

  • Accessibility|
  • Privacy Policy |
  • Cookie Policy|
  • Terms of Use|
  • Visitor Terms And Conditions