A flood of new homes has no effect on Dubai property prices
Even 13,000 new homes going on sale in Dubai during the first six months do not seem to have much of an impact on property values. In fact, there seems to be a major disconnect building up between what is turning out to be ample supply and prices.
And, not surprisingly, there are sharp variations depending on the location. There were only 360 apartments released at Dubai Marina in the first half of 2017, principally from the Vida Residences project.
But property values across Dubai Marina are down 3.7 per cent in the year to date, according to data from Reidin-GCP.