When will Dubai property prices start going up? – ZAWYA

When will Dubai property prices start going up? – ZAWYA

The price of villas and apartments in Dubai will start going up in 2021, as new project launches are slowing down and investor appetite is going up, according to the latest analysis.. New project launches have reduced considerably since last year, and with a new committee now in place to address the supply glut, developers are more likely to focus instead on completing current projects, the report said.. During the second half of 2019, advertised sale prices of villas in Dubai posted a 3.2 percent decline, lower than the 4.3 percent drop recorded during the first six months of the year.. Prices for apartments declined only marginally, at 1.1 percent, compared to the 3.9 percent decline in the first half of 2019.. The most notable decline in villa prices were recorded in Jumeirah Village Circle (JVC), which posted an average price drop of 8.7 percent, followed by Jumeirah Village Triangle (-4.6 percent) and Motor City (-4.5 percent).. In 2019, Dubai delivered 48,729 new homes marking the highest number of units completed in one year over the last five years..