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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.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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