Has the fall in Dubai property prices come to an end? | The National:
"Dubai’s residential property market is showing signs of plateauing after about 18 months of price decline.
New figures from the consultancy ValuStrat show that there was “no significant change” in values of apartments and villas in the 26 areas that it monitored in December. It said that its ValuStrat Price Index remained constant at 97.9 – the first time that no monthly change has been recorded since the current market correction began in mid-2014. The Index compares prices from a 100-point base that was set in January 2014.
The ValuStrat research manager Haider Tuaima said that the pace of decline in its house price index had started to slow early in 2015, and for the past few months the change in values registered had been negligible, indicating “a plateau in prices”."
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