Dubai house prices to drop at slower pace, says survey ...Qatar

Dubai’s house prices are expected to fall at a slower pace this year and next than previously thought as hopes for a successful vaccine rollout and an economic recovery boost confidence in the sector, a Reuters poll showed. After declining 3.5% in the first quarter of 2020, Dubai property prices have shown signs of stabilising. They fell by a much slower 0.9% year-on-year in the third quarter after barely changing in Q2, UAE central bank data found. The January 13-28 poll of 11 property market analysts predicted Dubai house prices would decline 2.0% this year, a significant improvement from a September survey that forecast a decline of 5.1%. It was expected to fall the same next year. “Whil

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