The 880000 dirham price point is considered safe because it is very close to the replacement cost of construction in Dubai. It is difficult for developers to build and sell quality apartments for much less than this today. This creates a ""price flo…
The 880000 dirham price point is considered safe because it is very close to the replacement cost of construction in Dubai. It is difficult for developers to build and sell quality apartments for much less than this today. This creates a ""price floor"" that protects investors from significant downside risk. Unlike luxury properties that can fluctuate wildly affordable properties priced near construction cost are resilient during market corrections.
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