In the II quarter of the cost of residential property in the emirate has decreased by 4% on the previous quarter. The cost of apartments declined by 4%, villas and townhouses - 3% and 8% respectively, according to Arabian Business, citing data from Colliers. Analysts say that the reason for the price decline is a surplus of supply, which is observed on the market, despite the significant increase in the number of transactions. By the end of the year in Dubai is expected to enter 33 thousand housing units, representing almost 10% of total supply. Such a situation will lead to further declines in prices, experts believe. In relation to the II quarter of 2009 the cost of housing in the emirate rose by 7%.
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