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Dubai residential prices could fall by up to 10% in 2019, says Savills


  • Economy
  • Monday, 7 Jan 2019

Dubai's over-supplied property market has steadily fallen since a mid-2014 peak, hurting earnings of the emirate's top developers and forcing construction and engineering firms to cut jobs and halt expansion plans.

Dubai's over-supplied property market has steadily fallen since a mid-2014 peak, hurting earnings of the emirate's top developers and forcing construction and engineering firms to cut jobs and halt expansion plans.

DUBAI: Residential real estate prices in Dubai could fall by 5 to 10 percent in 2019, weakened by new supply, a strong dollar and lower oil prices, the Middle East chief executive of Savills said on Monday.

Dubai's over-supplied property market has steadily fallen since a mid-2014 peak, hurting earnings of the emirate's top developers and forcing construction and engineering firms to cut jobs and halt expansion plans.

Economy , Property

   

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