A new report by ValuStrat has indicated that capital values and rents in Dubai would continue to soften in 2020 but at a slower rate. According to the report, the city will see increasingly affordable rents in 2020, particularly for townhouses and small villas. Its ValuStrat Price Index (VPI) for residential properties displayed an average monthly decline of 0.8 per cent compared to November. ValuStrat said this downward trend resulted in a 33.3 percent citywide capital value loss since the peaks of mid-2014. The residential rental VPI in Dubai stood at 70.8 points, declining 29.2 per cent since 2014, down 3.8 per cent quarterly and 9.1 percent annually.

Source: The Guardian December 30, 2019 00:45 UTC