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Dubai property market to bounce back

dubaiIt is said the number of housing units entering the Dubai market have been exaggerated and that the over supply is misplaced.
Dubai’s property market is likely to bounce back from a slowdown in the first half of this year, thanks to the increasing size of the market and the emirate’s significance as a business and leisure hub. In the first half of 2015 the UAE market reported that though the slowdown continues, it will only be some time before things turn around and head upwards.

Property sale values in Dubai dropped between 5 and 10 per cent in the first half of 2015, compared to the corresponding period in 2014, said the report. Yet the city’s population is likely to rise – with more than 200,000 job permits issued in first three months of this year and a similar number anticipated in the second quarter. Read more from The national here



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