Dubai Real Estate Market Overview Q3 | JLL
dubai real estate market overview

The real estate market in Dubai continued to witness a slowdown in performance over the third quarter and is expected to continue its ‘soft-landing’ towards the end of the year. While residential rents maintained their stability, sale prices continued to decline in the face of lower transaction volumes, and are expected to continue their downturn before bottoming out in the next 12 months. In turn the hospitality market saw further declines in Average Daily Room Rates which have negatively impacted revenues. Meanwhile, growth in the retail sector appears restrained across all mall types while rents in the office market remain stable across Grade A office space, with marginal declines in Grade B space.