Dubai sees 'first signs of growing confidence' in property market - Arabianbusiness:
Dubai’s real estate market could be seeing the first signs of growing market confidence, according to new research.
Chestertons said this is a result of a notable slowdown in apartment sales price declines and the stabilisation of rental rates.
Its Dubai Market Report Q4 2019 said transaction values for the year also underscored the positivity in the market with completed units witnessing a 60 percent increase compared to 2018, and off-plan units recording a 99 percent increase during the same period.
The volume of transactions was similarly positive in 2019 for completed and off-plan units, with a 39 percent and 68 percent increase compared to 2018, it added.
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