Google+ Followers

Saturday, 14 January 2017

Dubai real estate had a sluggish year of fewer trades and turnover | The National

Dubai real estate had a sluggish year of fewer trades and turnover | The National:

"Dubai’s real estate sector experienced a slowdown in 2016 as fewer transactions took place during a year of sluggish property prices.

Figures from Dubai Land Department on Saturday showed that overall transaction value in the city fell by nearly 3 per cent, to Dh259 billion from Dh267bn in 2015, even as the number of transactions fell to 60,595 last year compared with 63,719 deals a year earlier.

A report from the property consultants Cavendish Maxwell last week showed that transaction volumes for sales in Dubai dropped by 19 per cent year-on-year, citing 14,500 deals between January and mid-December.


"



'via Blog this'