Dubai property: Government initiatives to boost demand in 2020 – The National

Dubai property: Government initiatives to boost demand in 2020 – The National

Dubai property: Government initiatives to boost demand in 2020. More than 80,000 units are expected to be delivered in 2020 in Dubai, according to JLL report. The firm's annual review of the UAE real estate market found that although residential rents and sale prices continued to decline, it expects a flattening of both over the next 12 months.. Apartment rents and sales prices in Dubai declined 8 per cent and 5 per cent respectively in 2019 compared to the previous year.. Villa rent and sale prices fell by around 8 per_cent and 10 per_cent respectively.. In 2019, more than 35,000 residential units were handed over in Dubai, which is the highest ever delivered in a year, while 83,000 units are scheduled to be delivered in 2020 (although it expects actual handovers to be far lower).. For Abu Dhabi, apartment rents declined 6 per cent year-on-year in quality masterplanned communities and villa rents fell 4 per cent in prominent developments.. Sale prices for prime villas remained stable, whereas prices for apartments recorded a 9 per cent drop.. A further decline in rents and sale prices is expected this year, the report said, due in part to an expected supply increase.. Around