403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Dubai's real estate prices down 12.7 percent in Q3
(MENAFN) Dubai's residential real estate prices dropped by 12.7 percent in the third quarter of 2015, research by industry consultancy Tasweek has claimed, reflecting other market analyses published recently.
Tasweek's latest UAE market report found that Dubai saw the most substantial decreases in average residential sales prices. However, it then added that residential prices in Dubai "remain stable overall".
Consultancy JLL's latest market report claimed apartment prices in Dubai have fallen 11 percent in the past 12 months and will decline further because of tighter regulations, rising inflation and a strong UAE currency.
The median transacted apartment price was USD3,147 per sq m (AED 1,074 per sq ft) for Q3 2015, while the median transacted villa price was AED13,024 per sq m (AED 1,210 per sq ft).
Tasweek's latest UAE market report found that Dubai saw the most substantial decreases in average residential sales prices. However, it then added that residential prices in Dubai "remain stable overall".
Consultancy JLL's latest market report claimed apartment prices in Dubai have fallen 11 percent in the past 12 months and will decline further because of tighter regulations, rising inflation and a strong UAE currency.
The median transacted apartment price was USD3,147 per sq m (AED 1,074 per sq ft) for Q3 2015, while the median transacted villa price was AED13,024 per sq m (AED 1,210 per sq ft).
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment