Financial woes, construction delays: Will Dubai see the promised number of new homes in 2020?
Tens of thousands of apartments and villas were originally scheduled for completion in Dubai this year, but the promised number of residential units may not hit the market this year because of financing issues, construction delays, according to an analysis by experts. Read more here
Dubai property prices set to rebound in 2020
Property experts suggest that home sale prices will either ease or rebound over the next several months due to positive market sentiment and an expected decline in new project launches. Read more here
Dubai rents stabilising as confidence returns to property market
Rental rates across Dubai are “stabilising,” while the sales prices of apartments are falling at a slower pace, prompting analysts to believe that confidence is now returning to Dubai’s real estate. Read more here.
’No more doom and gloom coming’
Industry analysts interviewed by Zawya have agreed that the real estate sector has not yet reached their bottom levels, as more residential and commercial units are still coming in and putting pressure on prices. Read more here
Rents, property prices fall in Abu Dhabi, showing signs of bottoming out
The prolonged decline in house prices and rents in Abu Dhabi appears to have slowed down, and the property market is showing signs bottoming out, global real estate services firm, Chestertons said. Read more here.
What did Dubai property investors buy in 2019? Hint: not luxury apartments
Luxury homes no longer dominate the Dubai property market. Last year, 41 percent of the overall transactions for residential properties in Dubai were priced below 1 million UAE dirhams ($272.2 thousand), according to data released by Property Finder. Read more here
133,000 residential units expected to be completed in Dubai over 3-5 years
A line up of residential units is waiting to be completed in Dubai over the next couple of years.
133,000 residential units are known to be under construction in Dubai and expected to be completed in 3 to 5 years, ValuStrat, a regional consulting group said. Read more here
Will UAE real estate deals increase in 2020?
Mortgage enquiries for lower priced properties in the UAE have increased by 59 percent between 2018 and 2019, thanks to lower property prices and favorable interest rates, insights from Mortgage Finder revealed. Read more here
Oversupply in Dubai property market will separate the men from the boys, says Sobha Realty Chairman
Zawya in conversation with the real estate moghul who discusses his life's philosophy, philanthropy and real estate footprint spanning UAE, Qatar, Oman, Bahrain, Brunei and India. Read more here
Dubai rents could drop further as real estate market close to bottoming out
Property prices and rents in Dubai will drop further in Q1 2020 according to the 2019 UAE Property Market report released by Property Monitor. Read more here
(With inputs from Gerard Aoun, Cleofe Maceda and Mily Chakrabarty; Editing by Seban Scaria)
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