The program is expected to help in absorbing the supply scheduled to come to the market According to Property Finder, the current short-term visas linked to employment hold back expats from investing and owning real estate in the UAE, with many opting instead to remit their savings back to their home countries. The UAE’s decision […]
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 […]
Housing demand to gather pace over next seven years and beyond: Knight Frank Prime properties in Dubai are offering rental yields of over 7 per cent, bringing the emirate among cities that offering high income generating assets for investors, according to Knight Frank. “With price falls continuing to outpace rental value declines, initial yields are […]
Dubai house prices fell in the two months to the end of August as the city’s property correction continued. According to new figures from broker CBRE, average house prices in Dubai dropped by another 2 per cent during the period, equating to a 6 per cent fall compared with the same period a year earlier. […]
Dubai Land Department will introduce a new system in ranking its real estate brokers. The property brokers will mainly being ranked based on its performance. The National AE says that the the director of real estate licensing Ali Abdulla Al Ali revealed during the Cityscape Global conference that this new system in ranking real estate brokers […]
The Emirate’s real estate market is forecast to see a 10 to 20% correction in prices this year, the report stated Dubai’s residential property market will see a double-digit correction in prices this year following 3 years of sharp appreciation, a new report by S&P found. The report estimates a “moderate” 10 to 20% decline […]
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 […]
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 […]
