Dubai residential property prices said to fall 12.4% in past year

Real estate consulting firm ValuStrat has released a new report. The report showed that housing prices in Dubai fell. Residential property values in Dubai have fallen by 12.4 percent on average over the past year, according ValuStrat. Its ValuStrat Price Index (VPI) for the first quarter of 2019 also showed that prices dropped by 3.2 […]

Dubai residential prices in 2019

Residential real estate prices in Dubai could fall by 5 to 10 percent in 2019, weakened by new supply, said, the Middle East chief executive of Savills. Dubai’s over-supplied property market has steadily fallen since a mid-2014 peak, hurting earnings of the emirate’s top developers and forcing construction and engineering firms to cut jobs and […]