UAE
Rents and prices set to fall further in Abu Dhabi in 2017
Average residential rents and property prices in Abu Dhabi fell in 2016 and further declines are likely in 2017 due to new supply coming onto the market, the latest analysis report suggests. Apartment rents fell by 7% on average year on year and villas rents were down by 5% while average sale prices for both […] The post Rents and prices set to fall further in Abu Dhabi in 2017 appeared first on PropertyWire . Continue reading →
Property prices bottoming out in Dubai but rents still falling
Prices of property in Dubai were largely unchanged over the fourth quarter of 2016 with the market likely to be driven by owner occupiers and long term investors, according to the latest analysis report. Meanwhile, an increase in supply is likely to put downward pressure on rents in the emirate with rentals for both apartments […] The post Property prices bottoming out in Dubai but rents still falling appeared first on PropertyWire . Continue reading →
Dubai real estate market sees prices and rents continue to fall
It is clear that the residential sales market in Dubai is still softening and the magnitude of declines has on average, intensified over the past six months, according to the latest analysis report. The downturn is not universal and there are markets where values appear to have bottomed out, suggesting that some submarkets may have […] The post Dubai real estate market sees prices and rents continue to fall appeared first on PropertyWire . Continue reading →