Dubai real estate prices and rentals have stalled for six months as distressed sellers return « ArabianMoney:
"Dubai real estate prices and rentals peaked last September and have drifted sideways for the past six months. A few distressed sellers are now dropping their prices and that should lead the market lower over the summer.
That’s the conclusion of the latest Dubai real estate report in our sister investment newsletter this month. Off-plan sales have recently flooded the market with new product much of it bought for speculation in anticipation of ever rising prices. But this is just not happening. There are still some sales close to current asking prices but prices and rentals have stopped going up."
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