No gains yet for Dubai’s real estate fortunes | GulfNews.com:
"Another quarter goes by and there is no stopping the decline in sales transactions and values within Dubai’s property market.
At this rate - and without something happening suddenly to turn things around - home prices in Dubai could continue to drop all through next year as well, according to projections put out by the consultancy JLL. And the next “growth cycle” will have to wait until the immediate years before the Expo 2020 opens in Dubai.
In the third quarter, apartment prices dropped a further 3 per cent compared with what they were during the second. In the 12 months to end September, values are down 11 per cent, confirming that Dubai is very much a buyer’s marketplace now. (For tenants, there is nothing much to cheer about with the Q3 decline limited to 1 per cent quarter-on-quarter, according to JLL estimates.)"
'via Blog this'
No comments:
Post a Comment