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FINANCIAL NEWS
Dubai house prices decrease 5 percent
26 Nov 2015
(MENAFN) Dubai house prices fall down to 5 percent at the end of 2016, whereas values for both apartments and villas plunged slightly during the third quarter.
Accordingly, almost 65,000 housing parts will be finished by the end of 2018, compared with 45,000 finished in 2008, while some developers may postpone the reach of new projects until the market develops.
However; in London, the average value of an apartment stands at USD 1.3mn, whereas the regular value of domestic property in Dubai almost reached USD 392mn.
“We expect 7,400 units to complete in 2016, 10,300 in 2017 and a further 13,600 in 2018, with the new schemes launched during the past quarter,” said CEO of Cluttons Middle East.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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