DUBAI'S SECONDARY PROPERTY MARKET

There are two types of Dubai investment real estate : primary and secondary markets. New properties, including new developments and existing ventures by the developer, make up the main business. The secondary sector, as the name implies, raises the value of secondary assets for resale. Such properties are typically located in developed suburban areas and mature locations. Simply stated, secondary properties are those that are actually leased or owner-occupied and are on the market for leasing or sub-sale. The secondary property industry accounts for a significant portion of residential property transactions in the UAE each year, owing to the market's greater selection of options in already developed areas. When purchasing a secondary home, you have the opportunity to visually inspect and observe various aspects of the property, such as the infrastructure, the neighbourhood, and the facilities. Secondary properties will sometimes have excellent value for capital. A good re...