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Dubai Property Review 2016 - 2017 Preview

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Dubai Property Review 2016 - 2017 Preview

In Dubai, there has been a paradigm shift of supply with higher product offerings in the affordable and low to mid-market options. Transaction activity and delivered stock in 2016 indicates a major thrust towards outer apartment districts, with Dubailand, Jumeirah Village and Dubai Silicon Oasis accounting for 45% of the total delivered stock, while prime residential stock delivery was marginally higher as many buildings within the City Walk development were handed over in H2 2016.

There was a healthy balance between villa and apartment stock in a ratio of 25:75 as many villa communities such as Mira in Reem community, Jumeirah Park Nova and Palma villa in Arabian Ranches were delivered this year.

Source : Core Savills

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