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FINANCIAL NEWS
Decrease in Property Prices in Dubai.
31 Jul 2016
(MENAFN) Based on a report by UAE Daily the National, property prices in Dubai fall between 4-6% in Q2, compared to the same period last year. Also, the report confirmed that the market was about to settle down in the Q3.
Manika Dhama, a research manager at Cavendish Maxwell, said that dealings in Q3 will be “in line with past trends.”
On Q2, prices in Dubai decreased more, because the providing channel when compared to Abu Dhabi, much larger.
Regarding to what is said by Cavendish Maxwell, house prices have been falling since 2014. While the falling in oil prices at the same time.
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