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FINANCIAL NEWS
Dubai’s residential sales to decline by 3.1 percent
27 Apr 2016
(MENAFN) Dubai’s residential sales and rental value will decline more this year as the regional economy continues to adjust to easing global situations.
Moreover, after falling by 3.1 percent last year, residential values in Dubai decline by 2.2 percent during Q1 of 2016.
Accordingly, this mark the strongest quarterly falls in average residential values in five years and the seventh consecutive quarterly decline.
In addition, villa prices are nearly 7 percent down on this time last year, while the market posted a 5.6 percent fall in prices.
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