Average apartment and villa sales prices were down at the end of 2019, which is a notable slowdown from the previous quarter. Oversupply continues to contribute to declining capital values, which reulsted in further price declines in Q4 2019.
However, the overall value of transactions rose, mainly driven byt the off-plan sector, which suggests there is growing confidence in Dubai's real estate market.
Dubai's rental market showed signs of stablising in Q4, with no average rental rate morvement from Q3, signalling that perhaps the rental market has levelled out. In 2020, landlords will have to be realisitic in the face of tough market conditions.
Read the full report below for a more in-depth review of the residential market in Dubai at the end of 2019.