Property in Dubai, Property Prices/Rates in Dubai 2020: Average Dubai property values drop by more than 10% - Arabianbusiness:
The value of properties in Dubai fell by 10.4 percent on average in 2019, according to the latest report from local consulting firm ValuStrat.
Capital values dropped more than 15 percent annually for apartments in Discovery Gardens and Dubai Production City.
While four out of 26 locations witnessed single-digit declines, villas in the Meadows, Palm Jumeirah and Emirates Hills, as well as apartments in Dubai Sports City.
Haider Tuaima, head of real estate research at ValuStrat, said: “An evident positive buyer sentiment has been observed for the past 15 months, boosting investor demand, this was likely due to attractive prices, fewer off-plan launches and delayed project completions.
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