{"id":27429,"date":"2019-08-06T08:39:46","date_gmt":"2019-08-06T04:39:46","guid":{"rendered":"https:\/\/www.propertyfinder.ae\/blog\/?p=27429"},"modified":"2024-07-08T14:53:43","modified_gmt":"2024-07-08T10:53:43","slug":"price-correction-brings-in-first-time-home-buyers","status":"publish","type":"post","link":"https:\/\/www.propertyfinder.ae\/blog\/price-correction-brings-in-first-time-home-buyers\/","title":{"rendered":"Price Correction Brings In First-Time Home Buyers"},"content":{"rendered":"

They are keen to view a lot more options as more properties have become affordable.<\/p>

The 2019 Dubai property market\nhas brought an influx of first-time buyers. The decline in\npricing across the city as a whole has encouraged buyers who were previously\nsitting on the fence or saving up money for a deposit.\nThe property prices have led to buyers\nviewing more options and looking at multiple\nareas across Dubai.<\/p>

An influx of first-time buyers is\nexcellent news for the property market.\nThey inject the market with new life and spark the ever-turning property cycle. First-time buyers are also excellent clients to work with. They bring\nso much excitement and enthusiasm to finding their\nfirst Dubai home and it really\npushes me, as an agent,\nto do as much as I can to make the process as enjoyable and simple as possible.<\/p>

\"Price<\/figure>

For example, Dubai Marina, the area I specialize in, is always a big hit with expats who are new to the city. A lot of my clients have lived in the area for three to four years and are now deciding to buy an apartment in the ever-popular community, signifying the property cycle is active. Dubai Marina is an area that has a little bit of everything and although some people move on to areas a little further afield as their life in Dubai progresses, I see many people settling in the community.<\/p>

Having said this, there has been\na heightened interest for villa communities such as The Springs, Meadows\nand Lakes, communities in close vicinity\nto Dubai Marina.<\/p>

This also comes down to the decline in pricing, making areas which were out of budget\ntwo to three years\nago now looking achievable. People are staying\nin Dubai for the\nforeseeable future and no longer\nseeing the city as\na sabbatical from lives in their home country. This leads\nto many buyers looking to upgrade their homes as their\nfamilies extend and more space\nis needed.<\/p>

As a result of buyers looking further afield for properties, I have taken the time to learn more about the areas of interest and what they have to offer in order to educate my buyers before I pass them onto a colleague who specializes in the community. I think it’s so important to know your area inside out, but it is becoming apparent that other areas need to be researched in order to service clients in the best way possible.<\/p>

With more buyers coming into the\nmarket for the first time, I have noticed that in 2019, buyers\nare looking to view\na lot more options. In previous years, buyers would often be set on a select few\nbuildings in the one area whereas now, they are really\nshopping around as many\nbuildings and areas are becoming\nmore obtainable.<\/p>

\"Price<\/figure>

As well as looking at villa communities, buyers have recently shown an interest in off-plan<\/a> projects. A number of projects in Dubai Marina and Jumeirah Beach Residence are handing over in 2019 and buyers are excited to have the opportunity to purchase a new apartment. Marina Gate 2\/Jumeirah Living, LIV Residences and Sparkle Towers have all been very popular with new buyers.<\/p>

I get the impression that first-time buyers are doing a lot of their own due diligence in the market before they reach out to me. They are more aware of what options are available within their budget and most have already started getting their finances in place. People are serious about buying property in Dubai this year and they know what they want.<\/p>

Coming third in the Property Finder Best Agent\nAward in 2018 has significantly improved my relationships with new clients. With so many real estate\nagents in the market, clients find it difficult to find an agent who they\ncan trust and who they know will listen to their needs and deliver accordingly.<\/p>

Mentioning my award gives clients\nconfidence in me, and my professional standards, before they\nhave had the opportunity to work with me.<\/p>

I think it’s so important for a real estate agent in Dubai\nto go above and beyond for clients, whether\nthey are sellers or buyers. Knowing your\never-changing area inside out and keeping up-to-date with all changes is\nimperative. Sellers will have confidence in a knowledgeable agent who knows the product\nthey’re selling, and buyers trust in\nthis knowledge and will stick by their agent.<\/p>

The Property Finder Best Agent\nAward really solidifies your place as an agent\nin Dubai and puts you a cut\nabove the rest.<\/p>

\"\"<\/figure>
\n

RYAN HUDSON<\/strong><\/p>\n\n\n\n

Assistant Branch Manager, Allsopp & Allsopp <\/p>\n\n\n\n

3rd place, Best Agent,
<\/strong>Property Finder Real Estate Awards 2018<\/strong><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

They are keen to view a lot more options as more properties have become affordable. The 2019 Dubai property market has brought an influx of first-time buyers. The decline in pricing across the city as a whole has encouraged buyers who were previously sitting on the fence or saving up money for a deposit. The…<\/p>\n","protected":false},"author":30191,"featured_media":27432,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","footnotes":""},"categories":[511],"tags":[],"class_list":["post-27429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-guide"],"acf":[],"yoast_head":"\nPrice Correction Brings In First-Time Home Buyers - Property Finder Blog UAE<\/title>\n<meta name=\"description\" content=\"They are keen to view a lot more options as more properties have become affordable. 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