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Palm Jumeirah and Dubai Marina experience decline in property rates.
Dubai property has been lowering its rates since last few months and continues to do so. Now even the most sought after properties in Dubai are available at affordable prices. Those who aspired to live a luxurious life are now able to purchase their dream houses. Dubai is known for having some of the posh residential areas in the world now homes in such areas are within the reach of a middle income group. Palm Jumeirah and Dubai Marina belong to famous category of lavish homes. Their prices have dropped too. New reports by property experts say that rents in these places have gone down by 6%.
Two bedroom apartments in Palm Jumeirah had rent of AED 120,000 annually which is now available for AED 115,000, a drop of 4%. The same property in Dubai Marina had rent of AED 90,000 which is now offered at AED 85,000. Such news is bringing in more people to opt for rentals in Dubai. Everyone living in Dubai has a dream to someday experience the lavish life of Palm Jumeirah and Dubai Marina they are now able to fulfill their dreams. Along with locals foreign investors are also grabbing this opportunity and are making property Investment in Dubai.
Profuse Apartments in Dubai. Are now affordable and reports say that the prices will decline more in coming months. Residential and commercial properties in Dubai are both now available in reasonable price range. Many apartments are sold in last few months and there are more inquiries for real estate in Dubai.
Property Link Real Estate Brokers (http://www.propertylinkdubai.com/) is a property broker. Their aim is to provide each client excellent service, insight and novelty. They apprehend people with details of residential and commercial property in Dubai. Their website puts forward all the information about Dubai real estate.