Residential prices in Dubai continue to drop

12 Oct 2016

(MENAFN) Residential prices in Dubai, UAE continued to decline in the third quarter of this year among projections of more declines.

Furthermore, apartment lease rates fell by 3.4 percent, while sale prices dropped by 4.1 percent, pushing gross yields up to 7.9 percent.

Accordingly, weak demand combined with moderate supply growth will lead to more rent and price waste by 2017.

In addition villas prices decreased by 1.8 percent and sale prices dropped by 4.8 percent, which pushed yields up to 4.9 percent.

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