Hi,

The price being quoted by the seller is a reasonable one for the apartment as the going rate is around that value and in most cases more than what your seller is quoting.

As for your question regarding whether it is a good time to buy now or not. To be honest its nearly impossible to judge when is the best time to buy but the market indicators in my opinion are towards buying as the prices have almost declined by 50% to what they were a year ago and in some localities they have almost fallen to their original prices.

Furthermore the general perception is that the market is stabilizing now and will remain stagnant for a few months before we start seeing an upward trend. I strongly believe we are observing the lowest values now and these buying opportunities might not be seen again, however the consumer confidence has not returned in full as yet primarily because of the shaky economic situation presiding all over the world and also the construction is at a halt.

Whether you buy now or in a month or two might not make a big difference in terms of prices but I sincerely believe that by prolonging your decision any further than a few months, you might end up paying more than the present offer.

Everyone has their own opinion, people have been talking about the so called real estate bubble being inflated since 2002 whilst kept buying and selling themselves. It took 6 years before the market saw an actual decline. No investment can be risk free at the end of the day, so whether you buy now or not is something you have to decide depending on your financial situation. Keep in mind that the rental yield is still 10% or above so what more can one ask for.

I would also recommend reading the following posts:

http://www.bayut.com/community/answers/buying/is_it_still_a_good_option_investing_in_dubai_property_as_it_is_facing_property_crisis_-31.html

http://www.bayut.com/community/discussions/professional_advice/exactly_when_and_where_did_the_dubai_real_estate_market_faltered_-14.html

Hope this helps and all the best in your venture.

Regards,
Zeeshan

Hi, The price being quoted by the seller is a reasonable one for the apartment as the going rate is around that value and in most cases more than what your seller is quoting. As for your question regarding whether it is a good time to buy now or not. To be honest its nearly impossible to judge when is the best time to buy but the market indicators in my opinion are towards buying as the prices have almost declined by 50% to what they were a year ago and in some localities they have almost fallen to their original prices. Furthermore the general perception is that the market is stabilizing now and will remain stagnant for a few months before we start seeing an upward trend. I strongly believe we are observing the lowest values now and these buying opportunities might not be seen again, however the consumer confidence has not returned in full as yet primarily because of the shaky economic situation presiding all over the world and also the construction is at a halt. Whether you buy now or in a month or two might not make a big difference in terms of prices but I sincerely believe that by prolonging your decision any further than a few months, you might end up paying more than the present offer. Everyone has their own opinion, people have been talking about the so called real estate bubble being inflated since 2002 whilst kept buying and selling themselves. It took 6 years before the market saw an actual decline. No investment can be risk free at the end of the day, so whether you buy now or not is something you have to decide depending on your financial situation. Keep in mind that the rental yield is still 10% or above so what more can one ask for. I would also recommend reading the following posts: http://www.bayut.com/community/answers/buying/is_it_still_a_good_option_investing_in_dubai_property_as_it_is_facing_property_crisis_-31.html http://www.bayut.com/community/discussions/professional_advice/exactly_when_and_where_did_the_dubai_real_estate_market_faltered_-14.html Hope this helps and all the best in your venture. Regards, Zeeshan

Apartments in Greens are a bit expensive. Esp Gulf Towers
in you are looking for investment purposes, try to invest in Motorcity, JLT or you can get a 2 bedroom villa in Springs.

Which is the good investment and can get you good rental yield. Please let me know if you still have any plans for investments.

Regards
Bilal

Apartments in Greens are a bit expensive. Esp Gulf Towers in you are looking for investment purposes, try to invest in Motorcity, JLT or you can get a 2 bedroom villa in Springs. Which is the good investment and can get you good rental yield. Please let me know if you still have any plans for investments. Regards Bilal