UAE

Prices and rents in Dubai have both declined very significantly since our last survey in September 2009 – and even then, they had fallen significantly from 2008.

Dubai has been through a storm. The country is still a long way from recovery. Prices stopped falling some time ago, but unlike in many other post-crash countries there are as yet no real signs of revival.

Prices for apartments typically range from around US$3,700 to US$4,200, except on the very largest apartments, which are somewhat less highly priced. This compares with a range of US$6,650 to US$7,300 at the peak of the boom.

Overall, gross rental yields in Dubai are moderate at around 5.6% to 6.5%.

Yields for smaller-sized apartments have moved up, but not those for larger-sized apartments.

These yields are not impossibly low. They form the base from which a recovery could begin to take place.

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