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A slump in Dubai rental prices to continue in 2018

UAE - June 28, 2017

According to a report issued by Propertyfinder Group, rental prices in Dubai will continue to fall down into 2018.

As mentioned in the report, sales prices fell by 20$ from the period between November 2015 to April 2017 whereas the rental prices fell down by 21% during the same period as well.

This huge slump in prices is expected to continue for a while especially after the release of the 28,000 units that are scheduled to be developed by the end of this year.

It is worth mentioning that property prices in Dubai have been witnessing a fall down ever since 2014, however, right now they have returned to the same level of 2012/2013.

This sustained slump as referred by Propertyfinder Group has supported yields greatly which shielded buy-to-let investors from further loss.

On the other hand, the first quarter of 2017 witnessed a 25% increase in the transaction activities which prove that the decline rates in both the rental and sales values have been somehow contained.

 

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