Dubai’s Luxury Property Price Growth Slows Sharply In Q2 » Gulf Business:
"Growth in prices of residential luxury properties in Dubai fell to 6.3 per cent year-on-year in the second quarter of 2014 from 11.7 per cent in the previous quarter, according to the prime global cities index released by property consultancy Knight Frank.
“The mortgage cap and doubling of transfer fees at the end of 2013 influenced buyer activity more than forecast,” said Kate Everett Allen, international residential research, Knight Frank.
“New research by Knight Frank revealed that 25 to 35 per cent of purchases are mortgage financed in the emirate, more than previously thought.”"
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