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The cost of housing in Dubai continues to decline

26.04.17
According to statistics for March 2017, the cost of residential property in Dubai for the year fell by 3.6%. Apartments became cheaper by 0.44% on a monthly basis, and by 0.12% in annual terms. As for the villas, here the monthly decline was 0.12%, annual - 0.7%.
In the period under review, there was an increase in rental rates for apartments, on a monthly basis of 0.45%. At the same time, in annual terms, the cost of rent decreased by 2.96%. Rental villas fell in price by 0.26% in the monthly, and 7.43% - on an annualized basis.
It is worth noting that in 2016 a drop in the total amount of foreign investment in Dubai housing was registered by 40%.

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