Latest Property News
Middle East
Property market in Dubai hit by over supply bringing down prices
Property prices in Dubai fell significantly in 2018 with slowing global growth and over supply affecting the residential housing markets, according to a new analysis report. Prices have slumped in Downtown Dubai, down by 16%, prices in the... Read more
Residential property market expected to continue to soften in 2019 in Abu Dhabi
Sales of apartments in Abu Dhabi fell by 9% on average in 2018 while villas sales were down by 4%, according to the latest residential real estate report for the Emirate. Overall, sales activity for completed projects was limited, but off-plan... Read more
Prices and rents set to continue falling in Dubai in 2019 despite rush to buy at end of 2018
There was a rush to complete property sales in Dubai in the last 10 days of 2018 but experts are predicting that both prices and rents are set to keep falling in 2019. Data from the Dubai Land Department (DLD) shows that some $5.1 billion real... Read more
Sales, prices and rents fall in Abu Dhabi in third quarter of 2018, latest data shows
Property sales in Abu Dhabi fell in the third quarter of 2018 as demand fell while residential prices and rents also declined, according to the latest index report. The data from the Asteco market review also shows that prices have now fallen by... Read more
Property prices and rents continue to fall in Dubai, latest data show
Residential property price falls in Dubai have been more pronounced than rental rate changes, with values down 4% in the third quarter of 2018, the latest index report shows. Prices for villas fell by 13% over the quarter and apartment prices... Read more
Property markets in the United Arab Emirate continue to decline, rents and prices down
The residential property market in the United Arab Emirates continues to slow down with the latest index data showing that rents and prices are falling on a monthly and annual basis In Dubai prices fell by 0.64% in June month on month and... Read more
Prices and rents fall in Dubai and Abu Dhabi in first quarter of 2018
Average apartment and villa prices softened by around 1% in Dubai in the first quarter of 2018 with higher prices villas in particularly drawing few buyers, the latest analysis report shows. Year on year villa prices are down by 6% and apartment... Read more
Lack of economic growth and over supply set to keep Abu Dhabi market slow in 2018
Bearish market sentiment, coupled with a number of major mergers and companies downsizing, have had an unfavourable effect on real estate demand in Abu Dhabi, according to a new analysis. As a result rents for apartments and villas have fallen by... Read more
Residential property markets likely to continue to be slow in Dubai this year
Last year saw the residential property market in Dubai slow considerably and this year is likely to see more of the same, according to the latest housing market analysis. Villa prices fell 3.3% in the final quarter of 2017 and apartment prices... Read more
Off plan sales dominating residential market in Dubai going into 2018
Off plan sales continue to dominate the residential property market in Dubai which experts believe is partly due to the recent mortgage cap introduced by the emirate’s Central Bank. Many commentators believe that the cap which means expats need... Read more