Individuals who are planning of buying property for sale in Dubai have been suggested to go into the market hurriedly. According to AME Info, house prices in the emirate are increasing at their maximum rate in about four years.
The news provider stated that property values in some areas rose by as much as 15 per cent between April and May 2008.AME Info has predicted that this trend will continue during the summer, which means that prospective investors may be unwise waiting until the end of the year.
"Anybody leaving their property purchase until this autumn is likely to find that prices have shifted at least another 10 per cent higher over the summer months," it commented.The media outlet added that prices could continue to go up even if there is a slowdown in the number of transactions.
This comes after Gulf Weekly said the Dubai property market looks set to see significant growth during the next few years and decades.
