Arabian Ranches – Market Update
As one of the leading agents in the area, our Arabian Ranches Team Manager Jack Smith gives his lowdown and outlook on a expat perennial favourite: ’The Ranches’.
1. What’s going on with sales prices in The Ranches?
We are seeing a lot of positive signs in the Arabian Ranches, increasing our transaction volume by 55% from this time last year. The market has been in a declining phase for around 6 years, with the market dropping by approximately 40%. As prices have come down, we have seen an increase in demand with a large number of buyers seeing this as the best time to purchase because they feel we are at the bottom. The average price per sq.ft in March 2019 in the