According to a recent study by the Dubai real estate market by the international consulting company Knight Frank, in the second half of 2017 in Dubai is likely to begin restoring the value of residential real estate and its rent, reports Zawya. In 2016 the pace of "easing" the market has slowed, allowing you to build a more positive Outlook for the current year.
"We expect a partial recovery of the real estate market of Dubai in 2017 with the potential growth of housing prices and rent, starting from mid-2017 onwards. The government Nemer to invest in infrastructure development, as well as investors – are aware of the need to meet the existing demand and many of us believe that the market has become more Mature and competitive," the report says Knight Frank.
In 2016, the market continued its slow, but slower than before. Housing prices category "mainstream" has fallen by 5% in comparison with indicators of 2015, while the cost of premium housing has decreased over the year by 4%.
In preparation for Expo 2020 the amount spent by the government of the Emirate will rise, which has a positive impact on the development and dynamics of the real estate market.
HomesOverseas.ru
