(MENAFN) Propertyfinder Group's data found the UAE real estate market to potentially see a rebound this year, following the decline of property prices which lasted for years.
The report showed apartments' sale prices to have dropped across most areas in Dubai, with villa prices witnessing drastic declines in areas such as Meadows and Dubai Land.
Propertyfinder Group chief commercial officer Lukman Hajje stated "popular sentiment is that prices are at, or very close to, the bottom of the cycle and will increase in the lead-up to Expo 2020."
He continued "there will also be an increase in product offerings in affordable emerging communities in the sub-one million AED, sub-one thousand AED per square foot segments, which were historically underserved during Dubai's earlier construction booms."
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