The four-time Grand Slam winner has enjoyed huge success with her powerful baseline game but has struggled on clay
A new report by ValuStrat maintains that while Dubai's home prices are still 14.3 per cent below their 2014 peaks, they may not remain so for long as several areas are seeing an uptick in prices.
Two-thirds of apartment areas covered by ValuStrat's residential price index saw value increases in the second quarter of 2017 (April-June) compared to the first quarter (January-March) even as villas saw most declines.Where to buy Dubai property
Where to sell Dubai property
Where Dubai property prices have risen
Motor City: +12.3%
Discovery Gardens: +10.1%
Downtown Dubai (minus Burj Khalifa): +9.8%Where Dubai property prices have fallen
JLT: -9.6%
Dubai Sports City: -7%
Al Furjan villas: -5.7%
Jumeirah Islands: -5.7%Ready-to-move-in or off-plan?
"Significant sales of off-plan properties in established locations, particularly those with competitive payment plans, resulted in slowing price growth and transaction numbers of ready properties," Tuaima explained. Locations included Jumeirah Village with 84 per cent of sales being off-plan, Business Bay at 81 per cent, Jumeirah Beach Residence and Downtown Dubai at 62 per cent.Live-in landlord or buy-to-let?
Still, there are pockets of clusters that still offer very healthy rental returns. The highest net yields were registered in Discovery Gardens, Dubai Sports City and Remraam at 6.04 per cent, 5.96 per cent and 5.68 per cent, respectively.
This year's total new supply of residential apartments and villas is estimated at 25,000 units, 28 per cent of which have been completed. Most of the new residential stock was in Dubailand, International City and Dubai Silicon Oasis. Many projects previously delayed from the past 18 months are either completed or expected to deliver this year.
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