Majority of UAE residents expect further fall in house prices, rents – ZAWYA

Majority of UAE residents expect further fall in house prices, rents – ZAWYA

Majority of UAE residents expect further fall in house prices, rents 74% expect house prices to fall further in second half of 2020    Image used for illustrative purpose. A beautiful view of Dubai Marina and JBR. Housing market sentiment remains subdued in the UAE, where property prices and rents have been on a decline due to the economic fallout of the coronavirus pandemic.Nearly eight in ten (74 percent) of UAE residents polled by an investment firm said they expect apartment and villa prices to decline in the second half of 2020, while an almost equal number of tenants have secured lower rents. These are some of the findings released by investment and research company Peninsula Real Estate, as part of its second home sentiment survey.Nearly eight in ten (74 percent) of UAE residents polled by an investment firm said they expect apartment and villa prices to decline in the second half of 2020, while an almost equal number of tenants have secured lower rents.Housing market sentiment remains subdued in the UAE, where property prices and rents have been on a decline due to the economic fallout of the coronavirus pandemic.These are some of the findings released by investment and