Dubai apartment prices drop
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Dubai apartment prices drop

Dubai apartment prices drop

According to data tracked by REIDIN.com, apartment prices in Dubai have continued to drop from October until last month, with sale prices for apartments of more than 100 square meters falling by nearly 2.3%. "Prices are more or less settled," Ahmet Kayhan, the chief executive of research firm said. Apartments from 101 sq m to 150 sq m were selling for 6.3% less than in November last year, while apartments larger than 151 sq m were priced 7.9% lower. Prices for apartments of less than 50 sq m were down 17.5% from a year earlier but declined only 0.1% from October to last month, according to REIDIN, which uses transaction data from the Real Estate Regulatory Agency (RERA).

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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