Reader comments: Property prices (page 1 of 3)

- We have here in Dubai similar property prices as developed already established overseas markets.

- Government is involved too much in real estate business in order to guarantee profit for local investors. Let the market free and the cost will self adjust accordingly

- Depends where you are looking for, some area's are quite expensive and some are still affordable.

- The prices are sky rocketing, but good for investors

- I think the bubble will burst once all the properties are ready.

- AED250,000 for a studio that too in Ajman, this is ridiculous, the quality of material and workmanship is low and the market is volatile, too much high price to pay and face the risk and tension. Financiers are just waiting for the prey, feed on hard earned money.

- Too high considering the poor build quality which will likely lead to high future maintenance costs.

- Higher risk. No real land ownership at Federal approval level. Little demonstration of consumer rights in an arbitration process. Non-transparent processes...with constant surprise costs. No real secondary market yet to reflect true property value.

- Property prices are at a premium and the market is unsustainable. The current real estate prices are not out of reach however my fear is that to buy now, when the market is high, quality is low and the secondary market is untested, may mean you end up in a negative equity position for some time. The only investment grade real estate in the UAE is commercial.

- It's too high for an above average expats to afford. still waiting ... hoping ... prices will come down.. govt should promote cheaper prices.

- Prices 3 years back were reasonable but now they raised prices and justifying that by the hi rental revenue which is brought hi by them and not by real market demand.

- The problem is not only price per sqft is high, but also the service charges once property ready per sqft.

- I think it is easy to get an apartment because of the ease of financing

- Compared to other international cities around the world that has better infrastructure and amenities, Dubai is now overpriced and the apartment properties being built in Dubai resemble council housing estates. Many similar designed properties in the Spain built in the 70s and 80s are no longer wanted for that reason.

- Depends on the property you choose it can be high as well as there are some for the luxury but you can buy for medium at reasonable cost compared to other metro though this is changing fast and Dubai may soon be outpricing itself.

- They are getting too high in developed areas like Dubai Marina or DIFC but prices are still right in developing area like Jumeriah village south

- If Dubai achieves its potential these prices will be a bargain.

- Considering prices in other countries, if Dubai price increase trend continues it is most likely going collapse especially considering the bases for the growth are still too weak. political, economical and even Infrastructure still behind (hard to understand why Dubai does not have mail delivery system to houses nor direct gas connection

- Current prices in comparison to the price at the time of purchase in 2003/4 is relatively high, I have personally benefited from the hike and appreciation of prices. Prices are relatively high from a buyers perspective today.

- When I want to sell it, I'll be able to sell at a good price.

- Properties have serious quality problems with no long term warranty as in other well established and tested markets.

- Since we bought our apartment the price hasn't gone up that much.

- South-east England prices with poor infrastructure, very poor build quality and no guarantees with regard true freehold tenure.