@@pbubalo very good question but In business there’s varieties in real estate commercials, residentials some buildings are high end like the ones facing Skyrise « Ewa » or « Volanté » prices 20m plus so not apartments are affordable to anyone and other exciting buildings already rented out or resale and in business bay very few plots are empty, so this project it’s like 3 different developers launching at the same time, and won’t affect the market for many reasons: some apartments will be for end users others will be for short term rental and others will be for long term rental and even all of the apartments will be for rent or resale won’t affect the market cause Dubai population is increasing. 43,440 in Dubai population just in one year so always there’s demand for buying and renting, and business bay is the heart of Dubai every one wants to be close to there offices wants to be close to downtown so as long as there’s demand no worries for prices to decrease,
What price 1 BHK flat
There will be over 3 thousand apartments here.
Won't this flood the market and decrease the value of existing properties?
@@pbubalo very good question but In business there’s varieties in real estate commercials, residentials some buildings are high end like the ones facing Skyrise « Ewa » or « Volanté » prices 20m plus so not apartments are affordable to anyone and other exciting buildings already rented out or resale and in business bay very few plots are empty, so this project it’s like 3 different developers launching at the same time, and won’t affect the market for many reasons: some apartments will be for end users others will be for short term rental and others will be for long term rental and even all of the apartments will be for rent or resale won’t affect the market cause Dubai population is increasing. 43,440 in Dubai population just in one year so always there’s demand for buying and renting, and business bay is the heart of Dubai every one wants to be close to there offices wants to be close to downtown so as long as there’s demand no worries for prices to decrease,
depends on the demand in that area.