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Average Dubai property price falls to $680,000

Dubai Skyline

Average Dubai property prices have fallen by 13.2 percent in the past year, according to new research. Cavendish Maxwell’s Dubai House Price Index for April showed that some communities registered even higher price declines over the past 12 months. It said Emirates Living, Dubai Silicon Oasis, Jumeirah Lake Towers and IMPZ were some of the…

Buying distressed properties in UAE: What you need to know

dubai

Assets often become distressed because of the operational and financial difficulties faced by the owner or issuer of the assets, which may result in insolvency or bankruptcy. Such situations create opportunities for distressed sales, offering great deals for buyers. These assets are valued below their actual price and could be in default or close to…

Revealed: how Dubai, Abu Dhabi property price falls compare

Dubai Skyline

Residential property prices in Dubai and Abu Dhabi fell by around 5 percent during 2018, putting both cities in the bottom 10 performers in the world, according to new research. The Knight Frank Global Residential Cities Index for Q4 2018, which tracks mainstream residential prices across 150 cities, placed Dubai 142nd and Abu Dhabi 144th….

Does Dubai need a three-year rent freeze?

rent freeze

As the residential market continues to soften, the addition of new units has put further pressure on sales and rental prices in Dubai. According to Ozan Demir, director of operations and research at Reidin, while sales prices have fallen by 8 per cent, rental prices have dropped by 11 per cent when compared to the…