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FINANCIAL NEWS
Hamptons MENA sees 19% gain in Dubai Jan property deals
24 Feb 2013
(MENAFN) Hamptons MENA announced that its real estate deals in Dubai in January increased by 19 percent from a year earlier, reported Arabian Business.
Hamptons noted that strong sales growth was reported in integrated lifestyle communities, including Jumeirah Lake Towers, Jumeirah Beach Residence, Downtown Dubai, Emirates Living, Arabian Ranches and Dubai Marina.
It added that the month witnessed strong rental demand in the established communities, in addition to robust demand for upcoming properties, and end-user homes.
It is worth noting that average property prices in 2012 jumped by 20 percent across the market, whereas well-established neighborhoods, including Downtown Dubai and The Palm Jumeirah, saw average prices growing by 30 percent, according to Hamptons MENA’s report for that year.
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