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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
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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