Prices and rents set to continue falling in Dubai in 2019 despite rush to buy at end of 2018
Dubai Land Department | January 07, 2019
There was a rush to complete property sales in Dubai in the last 10 days of 2018 but experts are predicting that both prices and rents are set to keep falling in 2019. Data from the Dubai Land Department (DLD) shows that some $5.1 billion real estate deals were completed from 17 to 30 December 2018 with more than 2,000 property transactions taking place. Sultan Butti bin Mejren, director general of the DLD, believes it is an indication that the emirate’s property market is set to pick up at the beginning of 2019.