Property sales in the Gulf Arab state fell to 280.8 million dinars (Dh360m) from 529.1 million dinars in the second quarter last year, it showed.
“The economy is not growing and is decelerating, you have job destruction and job destruction would lead to higher population risk which will in turn add to the uncertainty on the real estate side,” said Saud Masud, a property and construction analyst at UBS in Dubai.
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You are correct.Prices are reduced.Naturally sales too.It will improves once the world economy improves.
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