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Dubai home prices expected to dip further on oversupply: CBRE
Apartment prices fell 4.6% on average last year, while rents also dropped about 4%, according to CBRE
Add BT as a preferred sourcePublished Tue, Jan 17, 2017 · 09:50 PM
Dubai
DUBAI home prices are set for another year of decline with supply outstripping demand even as developers delay the completion of properties, according to real estate adviser CBRE Group Inc.
"We expect to see a slight decline in values, which is in line with the drop in 2016," said Nick Maclean, CBRE Group Inc's managing director for the Middle East.
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