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.


Related posts

Emaar to release units for latest residential project at Dubai Creek Harbor

Emaar on Sunday said it will start releasing units for 17 Icon Bay, its latest residential project...

Continue reading

Dubai sees sharp rise in new home handovers in first half

Dubai’s developers have shifted into higher gear on their handover schedules, with the first-half...

Continue reading

Emaar awards Dubai Hills PM contract to EllisDon

Emaar Properties has awarded the programme management contract for Dubai Hills Estate to...

Continue reading