Allsopp & Allsopp boss says rise in sales price is 'very encouraging' for Dubai property market after months of declines Sam Bridge from Arabian Business writes about the rise in sales transactions seen by Allsopp & Allsopp in Q2 of 2019. “The average sales price of property in Dubai was 17 percent higher in the second quarter of 2019 compared to the previous quarter, according to broker Allsopp & Allsopp.” The average sales price of property in Dubai was 17 percent higher in the second quarter of 2019 compared to the previous quarter, according to broker Allsopp & Allsopp. Its latest report on Dubai's real estate market also said that the average lettings price saw a 1 percent increase in the same review period. Lewis Allsopp, CEO, said the rise in sales price was "very encouraging for the market" after previous reports had indicated months of price declines in the emirate. "There have been quite a few ‘green shoots’ this year as well as a common perceptive that the market is either at or heading towards the bottom of the price curve," he said. "Whether our Q2 result is an indication of more positivity to come and the signalling of a price stabilisation or turn, only time will tell," he added. "What this is showing is that the average overall transacted price has risen, and this is the first we have seen of this in some time." Read More... @ https://www.allsoppandallsopp.com/news/item/1093-average-dubai-property-sales-price-rises-in-q2-says-broker