The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
Yeah, that's right, Craig.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
And just to add to that, there are also teachers.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
I mean, education is a very big growing sector here in the UAE and Dubai, especially teaching staff need somewhere to live.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
And often they look for the more affordable areas.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
So if we start with the one bedroom range in the areas that you've mentioned, you're looking for purchasing power of around sort of four hundred and fifty thousand going up to seven hundred thousand for a one bedroom.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
The two bedrooms, they start probably around $700,000 and go up just over the million mark.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
Now, these are practical value locations where unit sizes tend to be a little bit smaller, but the price per square foot is actually low.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
Yeah, so as you mentioned earlier, the mid-market locations probably would encompass locations like JVC, Dubai Silicon Oasis, JLT, and Arjan.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
Now, Arjan is an up-and-coming area.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
Now, if we look at one-bedroom prices for sale, they would start around the sort of 850 mark and probably go as high as just over 1, 1.2 million.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
For the two bedrooms, I would say you're probably looking around 1.2 all the way up to about 1.8 million.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
Yeah, premium stock.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
There's no surprises there.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
You're looking at downtown with the Burj Khalifa, Dubai Mall.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
Palm Jumeirah, my favorite one, Dubai Marina around the corner from where I live, and indeed, Imar Beachfront.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
We could probably add also Blue Waters Island there.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
Now, for the one bedrooms, you're probably looking at around 1.2 all the way up to around 2.1 million, but you've got to really scout around to get the lower end of that range.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
And with downtown and the Palm is probably more at the upper end of those areas.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
Now, for the two bedrooms, it's a bit more difficult as there would be a large variance in prices for sea views or indeed penthouses.
The Real Estate Podcast
Brisbane, Sydney & Dubai Property Growth Markets — Are Phones Killing Productivity and Wealth?
But generally speaking, I'd say you're probably looking around two million to start going all the way up to sort of four million plus.