Investors’ heads turn as Discovery Gardens show increasing trends, reports Bayut

Oct. 30, 2013 - PRLog -- The apartments in Dubai are seen to be flourishing according to the reports of the search trends and apartments prices listed on the online property platform, Bayut.com. It has been seen through a quality analysis that the Discovery Gardens are having an adequate amount of investors as its prices are observed to be escalating at a steady rate.

According to property analysts at Bayut http://www.bayut.com/ it has been seen that, it is perhaps due to the decision of the Government that a person cannot rent an apartment if it is not for a duration for a year which is making people consider buying instead of selling but all the more it is helping in making the market stronger and replacing the tourist population of Dubai by proper settled residents.

Now if we look at the prices of the current year with respect to the monthly escalation of the prices of the studio apartments, we would observe that the journey of rise started from January where the prices were at Dh 336,000. February brought a steep increase in the prices as the investors increased and the prices rose to Dh 408,778. Now this escalation was considered encouraging for the property owners of apartments in Dubai but the IMF regarded as a bad omen leading the property market to another bust.

Despite the warnings the investors retained their interest in Discovery Gardens and prices further escalated to Dh 410385 in March and Dh 437857 in April. This was seen as a further consolidation of Dubai’s property as the filling of apartments was a clear sign that with the advent of new jobs population was increasing in Dubai. Even with the slight decrease in May the prices rose further to Dh 477143 in June and Dh 483250 in August. The prices finally topped off to Dh 502708 in August and the investors rejoiced as their investments were finally paying off.

The prices are still increasing and Dubai is moving towards to a better future. The property experts at Dubai are retain their view that there is no danger of property bust in future and IMF is seen to be silent as the market is proving to be stronger than ever before.

For more information please visit: http://www.bayut.com

This press release is originally published on: http://www.allvoices.com/contributed-news/15849069-invest...