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 […]
Dubai: All talk of demand for property in Dubai being in terminal decline is greatly exaggerated, industry insiders said on the first day of the International Property Show. “In the first quarter of this year, Damac Properties is looking at somewhere north of Dh2.7 billion in off-plan sales — and that’s similar to what we […]
