Labourers work at a construction site as signs for property company EMAAR are seen in Dubai, UAE, on March 7, 2016. (Reuters photo)Dubai: Real estate prices in Dubai will continue declining in 2017, with a recovery only starting late next year, says property consultancy Cluttons. Prices have been falling since 2014 and are almost 27% lower than their peak in the third quarter of 2008, he said. Cluttons joins other real estate analysts forecasting either a flat market or further slowdown in 2017. Average villa prices in the emirate were dragged down by properties at the top end of the market, according to a Dubai real estate report published by Cluttons on Sunday.

Source: Bangkok Post November 22, 2016 02:08 UTC