Emaar has declared its second apartment for sale in Dubai launch
of the year as new figures signify that apartment costs in the emirate
increased by more than a fifth in 2013.
The Dubai builder mentioned yesterday that it was about to
start marketing serviced apartments at its newest endeavor, a 63-storey tower
above the Dubai Mall expansion.
The 297 luxury apartments, which will be linked to the
shopping center with a connection, may move on sale on Saturday in Dubai, Abu
Dhabi and Singapore, Emaar mentioned.
The firm, which came under fire a year ago when scuffles
broke out among hopeful investors queuing to purchase off-plan property in its sale
launchings stated that potential customers would be asked to complete an online
registration type first that would be around from Friday.
The flats may also be showcased in Riyadh in Saudi Arabia
and Doha in Qatar.
"Matching the demand for apartment for sale in Dubai,
Boulevard Point may change the high-end living experience," stated Ahmad
Al Matrooshi, Emaar's managing director.
John Lang LaSalle, the property company, said yesterday that
home prices in Dubai increased by an average of 22 percent in 2013 with more
cost increases expected this year.
The broker mentioned Dubai rents additionally improved by
typically 17% on the previous year as confidence returned to the emirate's
housing market.
Johnson Lang LaSalle's figures hark back to those of the
property website Dubizzle, which last week documented property rents and prices
increased by up to 50 per cent in some regions of Dubai a year ago.
News of uncontrolled home prices and rent rises in Dubai are
compelling the Land Department to take into account executing more principles
to control conjecture, Mr bin Mejren included.
Jones Lang LaSalle warned that such fast boosts in apartment
prices weren't sustainable. It called that although both apartment prices and
rents would increase again in 2014, the growths would not be as sensational as
a year ago.
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