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FinancialNews
04-02-17
Rents, property prices to recover in Dubai in Q2 of 2017
(MENAFN) According to a new report released, Rents and property prices in Dubai are expected to recover in the second-half of this year as the residential market in the emirate softened at a slower rate last year.
Real estate consultancy Knight Frank said: "We expect the residential property market in Dubai to gradually recover in 2017 with a potential uptick in sale prices and rents from mid-2017 onwards."
Earlier in January, National Bank of Abu Dhabi (NBAD) said in its yearly investment outlook that the residential real estate market of Dubai and Abu Dhabi may have bottomed out as the rate of decline in property prices stabilized in Dubai while certain mid-market segments recorded a small increase.
MENAFN0402201700450000ID1095235531
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