Business Bay facing problems attracting residents

Discussion in 'Real Estate' started by 07days, May 1, 2011.

  1. 07days

    07days New Member Original Member

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    Business Bay, a high-profile and prominent residential area is having a hard time attracting residents. Despite its great location, people are still not willing to live in it primarily because of its unfinished infrastructure. Also, even if there are plenty of mortgage providers, there are still some who ask for a deposit of 40% to 50% which discourages buyers. More Dubai news...
     
  2. primeofficefurniture

    primeofficefurniture New Member Original Member

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    Area already saturated market has increased "significantly" in the supply of the fresh market, causing a sharp decline in rental rates and employment levels, said real estate firm CBRE.

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