"Fitch" expects the real estate prices of Dubai to drop by 15% within 18 months

The Fitch Credit Classification Agency expected the decline in real estate prices in Dubai by up to 15% during the next eighteen months, in light of the upcoming delivery of residential units within existing projects that will increase the size of the supply in the market, according to Samer Haider, head of the Golf Cooperation Council. In an interview with “Al -Sharq”, Haider ruled that the decline in prices in the emirates would be similar to what happened in the past, and this is attributed to the important role played by the regulatory authorities in the management of the home units to the market, in addition to the real estate development companies that enjoy a good financing structure, and the real estate in Dubai The sector remains.