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Dubai Residential Market Update - Q2 2017

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Dubai Residential Market Update - Q2 2017

Dubai’s residential market performance and its future course is something that cannot be genaralised in a sweeping statement: it requires a granular analysis as it is not functioning as a single entity and continues to fragment further. In a market where a significant section of occupiers are transient, we see several factors having impacts on the submarket dynamics – such as seasonality, change in regulations, developers’ strategies and of course, launch and delivery of new stock. With this variety of drivers, a clear direction on recovery is yet to emerge, with only a few locations consistently marking an upward creep.

Furthermore, sales and rental market trajectories have been diverging as sale prices were recovering and rentals falling, causing yields to contract. Through this publication, we assess the performance of Dubai’s residential submarkets in a fast changing environment.

Source : Core Savills

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