Affordable housing the latest trend in Dubai

International CityWhile much of Dubai property’s ongoing upturn has been built on premium and super-luxury properties, demand for “affordable developments” is now increasing. Recently, a top official at Deyaar Properties confirmed that the lookout was on a for a location in Dubai to fit in such a project, Gulf News reported.

“An affordable property can be built in Dubai even in a market where plot values are going up… and it doesn’t mean the final product has to be of a lower quality to what is available in the market; nor does it mean low-cost,” said Deyaar CEO Saeed Al Qatami. “There’s no denying there is an immediate need for affordable housing,” he added.

“Rentals at International City and the high-rises that got delivered in Sharjah in the last two years have already seen the impact of tenants trying to find a place that will be within their budgets,” said John Stevens, managing director at property services firm Asteco.

“Areas in Ajman farthest away from Dubai are now seeing non-occupancy levels well below 15 per cent against 50 per cent during the downturn.

“But there is also a realisation among some landlords at least that hiking rentals when salaries have not been rising in proportion is counter-productive.”



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While much of Dubai property’s ongoing upturn has been built on premium and super-luxury properties, demand for “affordable developments” is now increasing. Recently, a top official at Deyaar Properties confirmed that the lookout was on a for a location in Dubai to fit in such a project, Gulf News reported. “An affordable property can be built in Dubai even in a market where plot values are going up... and it doesn’t mean the final product has to be of a lower quality to what is available in the market; nor does it mean low-cost,” said Deyaar CEO Saeed Al Qatami....

International CityWhile much of Dubai property’s ongoing upturn has been built on premium and super-luxury properties, demand for “affordable developments” is now increasing. Recently, a top official at Deyaar Properties confirmed that the lookout was on a for a location in Dubai to fit in such a project, Gulf News reported.

“An affordable property can be built in Dubai even in a market where plot values are going up… and it doesn’t mean the final product has to be of a lower quality to what is available in the market; nor does it mean low-cost,” said Deyaar CEO Saeed Al Qatami. “There’s no denying there is an immediate need for affordable housing,” he added.

“Rentals at International City and the high-rises that got delivered in Sharjah in the last two years have already seen the impact of tenants trying to find a place that will be within their budgets,” said John Stevens, managing director at property services firm Asteco.

“Areas in Ajman farthest away from Dubai are now seeing non-occupancy levels well below 15 per cent against 50 per cent during the downturn.

“But there is also a realisation among some landlords at least that hiking rentals when salaries have not been rising in proportion is counter-productive.”



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00