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FinancialNews
11-07-17
Residential market sales in Dubai witness shrink in Q2
(MENAFN) Dubai's residential market viewed a minor contraction amid Q2, with both sales and rental rates viewing modest falls, as exposed the Q2 2017 Dubai MarketView.
Accordingly, the sales market has experienced an improvement in transaction number amid this year, with off-plan properties staying favorable amid investors.
However, residential sales prices declined to 1 percent amid the cited period of the year, with the sector edging towards the bottom of the market.
Meanwhile, future supply levels continue to increase at a fast rate, which is a longer-term concern for the market, with a notable pipeline on new properties to be finished in the build.
MENAFN1107201700450000ID1095613303
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