Home prices flatline: Report

19.01.2015
Dubai apartment prices showed zero per cent growth between October and December 2014, JLL said, as buyers continue to suffer from the introduction of mortgage caps by the Central Bank and a hike in transfer fees.
Dubai is seeing a stabilisation in house prices, according to a new report. Property agent JLL's reports revealed that Dubai apartment prices showed zero per cent growth between October and December 2014, as buyers continued to suffer from the introduction of mortgage caps by the Central Bank and a hike in transfer fees. Average villa prices in Dubai dipped by 1% during the final three months of 2014, The National reported. In total though, apartment rents in Dubai rose by an average of 18% during the year and villa rents rose 5% with most of the increase again achieved during the first six months of 2014.

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