Dubai Property Prices Fall in February as Supply Grows, Deutsche Bank Says - Bloomberg

Dubai property prices declined at a monthly rate of 1.7 percent in February, driven mainly by new supply, Deutsche Bank AG said.

Real-estate prices in the Persian Gulf emirate may face “further downward pressure” this year, the bank said in a research report dated yesterday.

“Although the pace of decline has reduced lately, we still do not see any improvement in fundamentals that could trigger a recovery,” the bank said.