Topic > Price Differentials in Real Estate in Dubai - 1289

At Tikku Brokers, Introduction Real estate in Dubai is a very broad topic and it is indeed a very large market. This essay will explain the concept of market forces and show how it can be visualized in the Dubai market, thus providing an answer to the research question: “To what extent do market forces determine the price of rental housing in Dubai?” Large price differences can be identified between two similar houses, keeping the square meters and housing type relatively constant. However, the key factor causing these price differences is the concept of supply and demand, for reasons such as location. This report will analyze 3 specific cases including studios, 2-3 bedroom apartments and 3-4 bedroom villas and generalize the factors causing these price differences. After recording this data, this report will conclude to the extent that supply and demand come into concept, thus answering the research question in an analytical procedure. This report will analyze properties in various areas of Dubai and directly follow the valuation activity. The rental market anywhere in the world is a unique business. To some extent, supply and demand have a big say in determining prices, just like any product in the world. If there is an oversupply of homes in a certain area, rental prices will decline indefinitely. However, there are some limitations to the law of supply and demand in the rental market. Unlike manufactured goods where you can allocate resources differently, you cannot move the excess amount of homes out of that area to keep prices stable. This is one of the unique characteristics of supply and demand in the rental market. On the other hand, if there is... half of the card... ess. Np, nd Web. 09 November 2013. .Kumar, Anjana. “The Rise and Fall: Ten Years of Ownership.” Editorial. Gulf News. Al Nisr Publishing LLC 2013, May 10, 2012. Web. November 17, 2013. .Moving. Digital image. Np, nd Web. November 12, 2013. Raheja, Ravi. “Supply and Demand Affecting Real Estate.” Personal interview. November 15, 2013."Residential properties for rent in UAE (up to studio apartment)." Property search. Np, nd Web. 12 November 2013. .Wam. “UAE Federal Staff Salaries Increased by 100%.” Emirates 24/7. Np, nd Web. November 18. 2013. .