House prices in Dubai and Abu Dhabi will only see "marginal" decline: JLL | ZAWYA MENA Edition:
House prices in Dubai and Abu Dhabi are expected to see marginal declines this year, but to a lesser extent compared to what we saw in the previous years, JLL said.
“Almost between 1 to 5 percent decline in sale prices in Dubai (in 2020),” Dana Salbak, Head of Research, MENA at JLL told Zawya on the sidelines of JLL’s annual real estate event, adding that for Abu Dhabi, the decline could be about 1 to 2 percent, as “supply is a bit more controlled.”
Salbak said that the forecasts are “purely based on sentiment ahead of Expo 2020.”
Sale prices for apartments in Dubai declined about 5 percent in 2019, while rental rates fell by around 8 percent, JLL said in its 2019 end of year review report.
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