When is the right time to buy property? In a property market cycle, the “trough stage” is generally the phase that is most conducive for buyers looking for steep discounts. It is the stage characterised by languid investor interest and declining prices — a buyer’s market.

According to research by Asteco, third-quarter rents in some popular locations in Dubai have dipped by double digits year-on-year — 23 per cent for studios in Discovery Gardens and 18 per cent for two-bedroom villas in Arabian Ranches. “There’s no doubt that 2018 has seen the UAE real estate market enter into a mature phase, no longer characterised by the frantic buying and selling that has been its hallmark for many years,” said Elaine Jones, chairman and founder of Asteco.

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