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Dubai real estate market bottoming out in Q1 2016

The first quarter 2016 real estate review issued by local consulting firm ValuStrat, has shown that after a nine month relatively stable residential market, there were minute indications of an early recovery in some areas, signalling possible signs of a bottoming-out in property values across the coverage locations. The ValuStrat Price Index (VPI) features monthly […]

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Dubai house prices plummet 11% in 2015, rents hold up, says Asteco

Average Dubai property prices fell by 11 percent last year while average rental rates saw only a slight dip of 1 percent, according to a new analysis. Real estate consultancy Asteco’s latest market report for the emirate said residential sales registered across-the-board declines, with villa prices down 11 percent year-on-year and apartment prices down 8 […]