Posted by allegoriaproperties in Finance on July 29th Teez Tabor Color Rush Jersey , 2017
The discussion for price depends whether you are
a buyer or a seller. In mature real estates property markets like US, UK or
Canada, the registration information regarding sale gives the price as a
reference for different property types. The transaction data traditionally is
restricted to sale prices by the area published by DLD in UAE. This is
currently not available in other emirates.
Verified transaction data can take place of price
discussions with good decision making joined with professional value opinion
for an individual property. Property value is decided by multiple factors like
age, condition, location, competitive transactions and view. The valuation
reports by the third party generally form the base for lending mortgages and
can be a standard for arriving at a market price in cash transactions.
Right valuation provider requires diligence.
Needed qualifications, local market knowledge, and experience are the crucial
attributes for the professional who are providing the real, independent and
accountable reports. Below mentioned parameters must be considered:-
The current registered value is decided by the
training, past record and transaction access. Without the use of any of these,
any opinion is of limited accuracy.
Low priced villatownhouse stock continues to
enter the market in areas such as Dubailand, affecting the price changes for
already existing communities. Declines in rents are going over more in
villastownhouses than in apartments over the last 1 year.
In locations such as Dubai South and Sports City,
the starting price is Dh700,000 for apartments, which is emerging as a driving
demand from first-time buyers. Communities that already have infrastructure and
facilities continue to drive better rents than outlying areas which have
limited amenities and where the majority of the projects are still under
International City and Dubai Marina are still
leading the secondary market transactions, especially for apartments this
quarter, while the leading locations for off-plan apartment sales were Jumeirah
Village Circle, Dubai South, Dubailand and Business Bay.
In this ever changing real estate atmosphere,
perfection is the main element and an independent professional opinion of value
can help buyers and sellers arrive at realistic market values.
About the Author:-
The article is written by Bhupendra Choudhary,
associated with Allegoria Properties, the leading real estate brokerage in
Dubai, UAE. Allegoria Properties is a part of Allegoria Capital which helps
clients achieve their real estate needs and goals without any hassle.
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