The UAE cities of Dubai and Abu Dhabi have both been named in the bottom 12 percent of real estate markets in relation to price growth over the past year.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…130 Views | the publication reaches you by | Saudi Arabia Today
It said prices in Dubai have fallen by 1.8 percent on average in the 12 months to September while prices fell by 3.1 percent in the UAE capital in the same period.
Six Indian cities sit within the top 20 rankings while Budapest is the European city with the highest rate of annual growth (19 percent).
Of the 150 cities tracked, 123 (82 percent) registered a rise in residential prices over the 12-month period with several first tier cities such as London, Melbourne, Shanghai and Kuala Lumpur seeing prices slip on an annual basis.
Knight Frank said a mix of economic stagnation, high rates of new supply and affordability constraints are contributing to softening prices in a number of these urban markets.
Do you have information you want to reach our readers?
A photographic tale of the aspirations of four women and their determination to achieve their goals, each one…