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FINANCIAL NEWS
Dubai residential market remains stable in H1
03 Feb 2017
(MENAFN) The residential market in Dubai continued to soften last year, at a slower rate, while sale prices in the mainstream market fell 5 percent in 2016 compared to 7pct in 2015.
In the coming five years, the country prepares to host the Expo 2020; further government spending is projected to enhance the market.
Moreover, global corporate are projected to increase their commercial activity, using Dubai as a local hub.
However, there has been a slowdown in demand on the back of job cuts and corporate restructuring, sale prices remained flat given the availability of investment grade quality product.
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MENAFN0302201700450000ID1095233943
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