Property prices and rental rates in Dubai are expected to fall further in 2016, according to estate agency Cluttons. The firm's latest report says the average price of a new home has fallen by about five per cent from last year’s, while rents are down by a tenth. But the office market looks steady, with rents and demand unchanged across most areas. The head of Cluttons Dubai, Murray Strang, discussed factors affecting the market with ARN.
Listen

Meta delays release of Phoenix mixed-reality glasses to 2027, say reports
IndiGo's third day of mass flight cancellations throws Indian airports into disarray
UAE President receives Amazon founder Jeff Bezos
Saudi Arabia forecasts deficit of $44 billion in 2026 budget
