Affordable housing bucks falling price trend in Dubai:
"Dubai is typically associated with luxury lifestyles, but investors are increasingly looking to cheaper housing stock to make gains in the face of a continuing fall in residential prices overall.
The emirate’s property market has been in decline since 2014 and analysts predict it will hit bottom later this year before starting a slow recovery. “Prices in Dubai have declined for 12 consecutive months and the declines we are seeing are what I describe as probably a soft correction,” says Faisal Durrani, head of research at Cluttons, the property agents.
Values across Dubai’s freehold residential districts fell by 8.8 per cent in 2016, which was this market’s weakest annual performance in five years, according to Cluttons."
'via Blog this'
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