Over Supply tends to property price drop in Dubai in coming years
Impact of coronavirus
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Why Supply-Price ratio rolled in?
Dubai flooded this year:
Despite, investor demand picking up towards the end of last year, it will take some time before the market bottoms out. It is due to the fact that supply continues to build. Dubai flooded with more properties this year as the supply of new homes has continued to pour in. With 39,200 houses delivered last year, JLL estimates construction on 53,000 residential units will be completed in the city this year.
“If you are interested in having your own property we are of the view that it is a perfect time to invest as the market is at all time low coupled with low mortgage rates and fee waiver” Money Maestro This is what the story of property market in Dubai as of now, but the market has seeing some positive signs too. The pace of price decreases has slowed and demand has been ticking up as end users take advantage of lower prices and favorable payment plans & interest rates offered by banks & property brokers