Dubai's property transactions faced a sharp decline in May, with total units falling to 9,850—a 26% month-on-month and 45% year-on-year drop—driven heavily by a 55% annual plunge in ready property transfers and the temporary disruption of a long Eid break. This slowdown has shifted the market dynamic: buyers and landlords are clashing over valuations, leading to longer transaction delays, while property prices are bifurcating, remaining stable in prime areas but dropping 5–7% in high-supply, upcoming locations. In response, developers are launching fewer new projects to focus on executing existing handovers, while increasingly offering incentives like flexible payment plans and DLD fee waivers to rekindle buyer interest. (ICE DUBAI)

Fonte notizia: https://www.emiratesnbdresearch.com/en