JLL: Dubai apartment sales prices down 2% in 1Q16

Realopedia Global Real Estate Portal

In its 1Q16 review of Dubai real estate markets, JLL noted that sales prices of two-bedroom apartments were 2% lower in 1Q16 relative to 4Q15. Rents for apartments were down 3%. Over the last year, apartment sales prices and rents have, respectively, fallen by 10% and by 5%. In 1Q16, sales prices and rents for three bedroom villas were broadly unchanged. Over the last year, prices and rents have respectively dropped by 11% and 5%.

Source : JLL/Mar 2016/Dubai/RES