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 […]
Dubai’s residential real estate market, which has seen price declines for the past year, is likely to witness a rebound in 2017, according to a new report. KPMG’s review of Dubai’s property market predicted that while 2016 may be a “challenging year” due to a number of internal and external factors, the market should see […]
Dubai’s residential property market is showing signs of plateauing after about 18 months of price decline. New figures from the consultancy ValuStrat show that there was “no significant change” in values of apartments and villas in the 26 areas that it monitored in December. It said that its ValuStrat Price Index remained constant at 97.9 […]
Dubai was one of the worst-performing housing markets in the first quarter of 2015, according to new research. Knight Frank’s Global House Prices Index scored the city 53rd out of 56 locations monitored – one place lower than Greece but higher than China, Cyprus and Ukraine. Property prices in the emirate fell by 6.1 per […]
Faced with predictions that Dubai home prices may drop as much as 20 percent this year, analysts say the emirate’s real estate developers and lenders are better prepared than when a crash in 2008 brought the city to the brink of bankruptcy. Standard & Poor’s this week estimated that values may fall by as much […]
Dubai: The lack of demand for luxury properties, weakening of oil prices and strengthening of the US dollar are causing house prices in Dubai to fall. Reidin announced on Monday that the residential property sales price index in Dubai fell in April 2015 compared to a year earlier, as asking prices for properties registered a […]
Major Dubai real estate developers are planning projects that include affordable housing units Dubai-based real estate developer MAG has announced a project of over 1,000 residential units in the Dubai World Central area near Al Maktoum International Airport. MAG 5 Boulevard is a joint venture with MBM Holding and will include studios starting from 449,000 […]
Dubai’s property market has shown more signs of a first quarter slowdown as new housing comes on stream at a time of slowing sentiment. Average apartment prices fell 2 per cent compared with the previous quarter and villa prices fell 1 per cent during the first three months of the year, the property broker JLL […]
House prices in Dubai fell slightly during the first three months of the year as thousands of new homes came on stream. Figures released by the property broker CBRE reveal that average house prices in the emirate fell 2 per cent compared with the previous quarter after 16,000 new homes were completed during 2014. The […]
