Apartment prices in Dubai will continue to decline until the end of the year

Цены на квартиры в Дубае продолжат снижаться до конца года

Apartment prices in Dubai will continue to decline until the end of the year

The supply of apartments in Dubai will continue to exceed demand. Prices for apartments and rent in Dubai are decreasing, creating favorable conditions for investors. This trend will not change until the end of 2019.

According to experts, this year 47.5 thousand apartments, villas and townhouses will be built in the UAE, which is two times more than last year. After the introduction of the Golden Visa program, 79 percent of investors thought about increasing their investments in real estate and business.

Since 2006, foreigners can buy an apartment in Dubai. Even despite the crisis buying an apartment in Dubai goes through several stages, depending on the degree of readiness of the building, and the developer does not have the right to demand another contribution until he completes the construction of the previous stage, for which he received money from investors.

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Apartment prices in Dubai will continue to decline until the end of the year