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- Despite various significant initiatives and broad-based recovery in oil prices, property prices in Dubai are under pressure mainly due to rising volumes of supply. Also, with transactions running at approximately 25 per cent lower rates on a year-on-year basis, launches by developers have also slowed down.
What Impact Will Rate Hike In UAE Have?As the Central Bank of UAE hiked the rates by 25 basis points for the second time in 2018, personal, auto and mortgage loans are set to get costlier.
Want To Buy Waterfront Properties In Dubai? Here You Go!Waterfront properties have always attracted Dubai homebuyers. This is why real estate projects such as Dubai Harbour, Riverside, Riviera, Bluewater Island and District One are among the most sought-after picks by real estate investors as well as end-users.
How Off-Plan Properties Foster Growth In Dubai Real Estate SectorIn the period between January and May 2018, approximately 8,000 residential units have been introduced in the off-plan property market.
Where Is Abu Dhabi Realty Headed?An increase in supply, an uncertainty over the employment market and a readjustment in housing allowances have led to softening of prices in Abu the Dhabi real estate market. On a year-on-year basis, prices have fallen by 14 per cent and the rental values are down by nine per cent in Abu Dhabi. The situation is anticipated to continue for the remainder of 2018.