Dubai residential property prices are likely to fall 10 to 20 per cent this year because of subdued demand, slower economic activity and downbeat investor sentiment, credit rating agency Standard & Poor's (S&P) said on Monday.
Property leasing and selling prices remained relatively stable in Abu Dhabi, UAE, for the first quarter of 2015, according to a report.
The trend is in anticipation of the awarding of mega projects in Abu Dhabi and Dubai which are
The real estate market in Abu Dhabi is stabilizing after six months of rising values, which resulted in yields being eroded, lower loan to value ratios and limited availability of quality apartments, a report said.
Property prices in Dubai and Abu Dhabi housing markets increased 2.64 per cent 2 per cent month-on-month respectively in December 2013, according to a report.
The Dubai residential property sales index for all residential increase
The International Monetary Fund has warned Dubai that the emirate might need to intervene in its property market to prevent another boom-and-bust cycle of the kind which brought it close to default four years ago.
Property rental and sales prices in Dubai continued on their upward trend during the second quarter (Q2) of 2013, with year-on-year apartment rents and sales prices up 20 per cent and 38 per cent respectively, a report said.
Asking prices for homes in England and Wales have fallen 3 per cent over the past month to stand just 0.4 per cent higher than a year ago, due to economic uncertainty and low mortgage approvals, property website Rightmove said on Monday.
Property developers in Qatar are learning lessons from Dubai's sharp real estate and development crash by slowing and rethinking projects, a move which will help property prices recover next year, analysts said.
Qatar developer Barwa R
Sweet Homes Holdings (SHH), a leading UAE-based developer and multi-service provider to the real estate sector, is confident that the prices of properties within its two Ajman-based projects will remain stable all throughout 2010.
Bahrain's property market is showing signs of recovery after commercial land prices dropped by 20 to 30 per cent last year, it was claimed.
Residential land prices also fell by up to 15 per cent, Bahrain International Property Exhibiti