Further declines expected in Dubai property sector: Cluttons

Property prices and rental rates in Dubai are expected to fall further in 2016, according to estate agency Cluttons. The firm's latest report says the average price of a new home has fallen by about five per cent from last year’s, while rents are down by a tenth. But the office market looks steady, with rents and demand unchanged across most areas. The head of Cluttons Dubai, Murray Strang, discussed factors affecting the market with ARN.

Listen

More from Business News

On Virgin Radio today

  • The Weekend Breakfast

    8:00am - 11:00am

    Playing 10 hits in a row every hour, all weekend!

  • Virgin Radio Weekend

    11:00am - 7:00pm

    Playing 10 hits in a row every hour, all weekend!

Trending on Virgin Radio