October 9th, 2019 - 08:29 GMT
Sales prices in Dubai are expected to continue to soften for the remainder of the year, by up to 5% in some instances, while rental rate declines appear to be slowing with decreases of just 1% witnessed in Q3 according to the latest research from leading international real estate services firm, Chestertons ’ Observer: Dubai Market Report Q3 2019. Continued pressure on Dubai’s residential prices and rates has been a result of oversupply, with an anticipated 50,000 new units expected to be delivered in 2019, a 150% increase on 2018 ...