UAE
Property prices still falling in Dubai and likely to continue downward
Residential property prices in Dubai continued to drop in the third quarter of the year and further declines are expected, according to the latest research note. Apartment lease rates fell by 3.4% and sale prices declined 4.1%, while lease rates for villa fell 1.8% and sales were down 4.8%, the data from the Phidar House […] The post Property prices still falling in Dubai and likely to continue downward appeared first on PropertyWire . Continue reading →
New rules for real estate agents in Dubai to improve transparency
New rules have been introduced for estate agents in Dubai which mean they must have all advertising signed off by Dubai’s real estate regulatory department before going live and verify property ownership before conducting a sale or letting. But not everyone is pleases with the directions from the Real Estate Regulatory Agency (Rera) and the […] The post New rules for real estate agents in Dubai to improve transparency appeared first on PropertyWire . Continue reading →
Dubai property market likely to stay soft for rest of year and into 2017
Residential property prices in Dubai are expected to continue softening throughout the rest of 2016 and into 2017, according to a new analysis report. But it should not be a development to worry about as it is part of the emirate becoming a more mature real estate market after the heady heights from eight years […] The post Dubai property market likely to stay soft for rest of year and into 2017 appeared first on PropertyWire . Continue reading →