Experts pinpoint 2022 for Dubai property market recovery - Arabianbusiness:
Property prices in Dubai are forecast to stabilise in 2022, according to a poll of analysts and real estate experts.
Price declines in the emirate are set to slow to 4 percent this year and 1.3 percent next year, said the poll conducted by Reuters.
This compares to several reports from consulting firms which showed average Dubai property values dropped by more than 10 percent last year.
Analysts said they are optimistic about prospects relating to Expo 2020, which Dubai will host for six months from October.
But according to 11 of the 15 poll respondents, a surplus of existing properties for sale could still weigh on the real estate market's recovery.
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