January 9, Updated: January 9, The market for residential property in Dubai is now "close to its cyclical trough", but in Abu Dhabi prices and rents may have much further to fall, according to a new report by consultancy JLL.

nocuwahojopyx.web.fc2.com – GCC Stock Markets – Markets Summary

Apartment sale prices in Dubai fell by just 1 per cent year-on-year, JLL said, citing figures provided by Reidin. Villa prices actually increased by 2 per cent. In Abu Dhabi, prices of both apartments and villas fell by 11 per cent year-on-year, while apartment rents dropped by 7 per cent and villa rents by 4 per cent.

The report found that 14, new homes were completed in Dubai last year — the highest number sincewhen 16, new homes were delivered. As in past years, though, JLL said that it expects the actual number to be handed over to be much lower, with deliveries in recent years typically equating to about 35 per cent of forecasted numbers.

Tadawul - Wikipedia

In Abu Dhabi, only 3, new units were completed, brining the total stock toSome 5, units are due for completion this year, but as in Dubai, the actual number delivered is likely to be lower as projects are delayed. In the office market, supply increases in both Dubai and Abu Dhabi were fairly limited, with rents remaining flat in tunis stock market former and declining by 5 per cent in the latter.

The report said the office market in the capital is facing softening demand, because of a fall in demand from oil firms, a reduction in government spending and mergers between major organisations such as Mubadala and Ipic as well as banks NBAD and FGB.

Emaar Maple at Dubai Hills Estate

Edit Profile Sign Out. Michael Fahy Follow michaelfahy January 9, Updated: How do you get smoola on magic piano for free Meraas plans new hotel brands at Bluewaters Island in Dubai.

How to negotiate a rent decrease stock option plan journal entries Abu Dhabi.

Dubai property agents remain optimistic as pipeline swells. Meraas plans new hotel brands at Bluewaters Island in Dubai. Add dubai stock market emaar comment View all comments. Only landlords can allow subletting.

Emaar Properties appoints new CEO. Grenfell Tower fire disaster in London could never happen in Dubai, experts say.

Cost of living in Dubai and Abu Dhabi rises but remains attractive for expats Review: Appointment of new crown prince ushers in a new, dynamic Saudi Arabia Firefighters battle blaze in Abu Dhabi city centre Cost of living in Dubai and Abu Dhabi rises but remains attractive for expats Hiker dies on Jebel Jais in Ras Al Khaimah Mohammed bin Salman appointed Saudi Crown Prince Football latest: Dani Alves asks to leave Juventus, paving way for move to Manchester City Eid Al Fitr holiday announced for the private sector Mohammed bin Nayef: Our guide to the festive events to check out around the UAE More Most Viewed.

EDITOR'S PICKS Barclays former executives charged over Qatar fundraising.

Nigerian banks to take over Etisalat unit as debt talks fail. Adia reshuffles board, shedding two members. SPOTLIGHT Regulator bars Emirates from adding new China routes for six months. Switch to Mobile Site About us Contact us Work with us Privacy policy Terms and conditions Advertise with us Subscribe Sitemap.