Cluttons expects Dubai’s real estate prices to continue declining in 2017, with a recovery starting late next year. Home values in the emirate dropped 7.4% on an annual basis at the end of the third quarter and will probably slip another 5% next year, according to Cluttons. Prices have been falling since 2014 and are almost 27% lower than their peak in the third quarter of 2008. Cluttons further said that prices will only begin to stabilise in the last three months of next year, driven by government spending on projects related to Dubai’s hosting of the World Expo in 2020. (Bloomberg)