A research produced by
Quarter-on-quarter, prime residential prices in Dubai fell by 0.8% in the three months to March 2015 – the third consecutive quarterly decline. This meant that annual price growth fell into negative territory for the first time since Q2 2011. Indeed, in Q1 2014, prime home prices were down 1.1% compared to a year earlier.
On a more positive note, after a weak end to 2014, transaction volumes in the prime segment recovered somewhat in the first quarter of this year. That said, the number of monthly transactions remained low in context of levels seen in much of 2013-14.
Source : Knight Frank
