Dubai property prices to soften further for remainder of 2019 | ZAWYA MENA Edition:
While rental rate declines in Dubai seem to be slowing down in the third quarter of 2019, the sale prices are forecast to see further softening for the remainder of this year, a report by real estate services firm Chestertons said.
With nearly 50,000 new units set to be delivered this year in Dubai, the emirate’s residential market is expected face the pressure of oversupply.
Average villa sale prices declined 3 percent in the third quarter, while apartment prices were down by 4 percent from the previous quarter.
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