In your opinion, why do real estate prices in Dubai are so expensive and almost unreal?

Real estate prices are high because not only do investors get better returns year on year than they do with the banks, they get their money upfront for a 12 month period, irrespective of the tennant remaining for this period or not.

The cost / quality ratio in Dubai is extra ordinarily high however.  With cast in situ concrete and monolithic blockwork, poor levels of thermal insulation, water proofing, MEP installations and most recently the issue of fire propigation within the cladding of many of the towers make it an unattractive place too buy to live.  

I believe that quality issue is the primary reason Dubai does not compare favourably with the more mature markets of London, New York, Hong Kong etc. 

Thanks for the invitation; I think that real estate in Dubai is expensive for the following reasons:

1- Dubai is a world trade centre

2- High-income level

3-the sustained economic growth and rising

 

 money laundering  -4

Hi ,,,

Dubai has available all opportunities for businesses and all support for the Dubai government , let us ask this question? business sector what needs ? A secure environment in which political and economic stability and security , These factors have attracted a lot of capital and investment was what we see as a huge investment projects in the field of real estate.

about the expensive prices for properties , we know that the relation between demand and supply determine the market price so if the supply more than demand logical the price will be low , if the demand more than supply the price will be high , but in Dubai some .

 the concept of monopoly of some large companies to the real estate industry in the market sometimes is determined the prices from his side ,  I expect that these companies are determined by the market price , not the normal relation between demand and supply .

this my opinion thank for all . 

The real estate price in Dubai is based on offer and demand, the market was very active in the past years and the demand was more than the offer that is why the price bubble began. Right now the prices is being corrected by the market if you notice there was a% drop in prices the last year ().

Actually dubai is unique area in the middle east, if you are look at who's live there, and look at salary range in dubai yiu will find the price is good, but any why price depends on supply and demand method,

Actually i am from Egypt and i don't have experience in Gulf real state

Duabai is an open city with fast grwoing style with creating buildings, large shopping centersand and luxury facitilites. They are always working towards attracting tourists. Beside that, they have a very well established business infrastructure. Consequently the demand for real estate is relatively high to other GCC countries.

·         There are several real estate developers in Dubai and real estates are available in several locations in Dubai. So, the market is quite competitive and price has been fixed by the market based on supply and demand

·         In real estate market, sometimes due to speculation, there is upward movement of prices but within a short time market itself correct the price and the price is stabilized.

 

• The real estate price  in Dubai may seems be higher in compare to other cities but considering the location of Dubai, its future business prospect, return on investment and future price enhancement aspect, the price of real estate prices in Dubai is OK

Possible to increase the the demand for real estate activity in the Dubai specifically and the UAE in general

I fully agree with the answers been added by EXPERTS............Thanks.