2020 to set direction for Dubai property prices, rentals

2020 to set direction for Dubai property prices, rentals

Residential property supply is set to hit an all-time high in Dubai in 2020, keeping prices and rentals under pressure this year as well and attracting more cost-conscious buyers due to higher affordability, say analysts.. Real estate research firms predict around 50,000 units will hit Dubai this year with most of it attributed to spillover of expected handovers from last year.. It is believed that the decline in prices and rentals will slow down this year as 2020 will be a pivotal year for Dubai's economy and the real estate market.. Property analysts believe that 2020 will be a key indicator to ascertain where the Dubai's property market stands now in terms of demand and supply balance and set the direction for the prices and rentals in coming years.. We do believe that the rate of decline will slow down across others, but overall we still expect supply to exert pressure on prices and rentals on the overall market in 2020.". "Rents typically fall at a slower rate than prices, which has a positive effect on yields for the market as a whole.. Rents will continue to fall in many areas of Dubai in 2020, but again, this is not