Dubai 4-bed sample: 2.2% price movement and 104 days marketed

[vera.miles]

The practical problem is that our choice is between two Dubai neighbourhoods, while the broad market figures blur the differences between them. Looking only at four-bedroom apartments, the small set runs from AED 719,300 to AED 1,079,000. It shows price movement of about -2.2% and a median marketing period near 104 days, but the properties are not consistent in condition.

I am also unclear about the cost buyers are describing as property tax. If it is a recurring charge, transaction expense or some other fee, each would affect an offer differently even if the charge itself cannot be negotiated.

Would it be more useful to separate completed sales, reductions and withdrawn listings within strict neighbourhood boundaries? I suspect seller motivation may explain the long marketing periods better than the headline average.

 

[plantsAndCairn]

First clarify what you are calling property tax: a recurring charge, a transaction cost, or another property-related fee. The charge itself may not be negotiable, but buyers can still reflect the total cost in their offer.

For the two neighbourhoods, I would compare recent completed sales within strict boundaries, then note condition, financing suitability and when each listing was reduced. Also count withdrawn stock separately; otherwise 104 days may say more about seller motivation than demand.