property prices in Dubai continue to decline. The cost of
apartments in the emirate fell by 8.1 percent over the past year. Villas fell in price by 7.5 percent.
property in Dubai has fallen 27 percent over the past five years.
According to the Global Property Guide, in In February of this year, prices for
residential real estate in Dubai are lower by 9.5 percent compared to the same months last year. Adjusted for inflation, the decline was 8 percent. This is the strongest annual decline since February 2016.
According to the Dubai Land Department, as a result of falling prices in the
Dubai real estate market, the number of transactions and their total value are also decreasing.
homes worth $44.1 billion were sold in the emirate in the first nine months of last year. This is more than 20 percent less compared to the same period in 2017. The number of transactions in the
Dubai real estate market decreased by 23.7 percent.
Siberian company with an international name
GZHF.rf helps clients with questions
shopping,
buy or
sell an apartment in Dubai. Company office
CMP Realty is a real estate agency in the UAE, where qualified Russian realtors work.
