Dubai housing prices fall slightly in Q1 -JLL | Reuters

Dubai housing prices fall slightly in Q1 -JLL | Reuters:



"Dubai housing prices fell slightly and rents were flat in the first quarter of 2015 compared with the final three months of last year, a report by property consultants JLL showed on Monday.



The real estate sector in Dubai has been among the most volatile globally over the past decade, swinging from boom to bust to boom again. Prices recovered to near peak values after falling by about half from their 2008 highs, but are now weakening again.



Apartment sale prices fell 2 percent in the first three months of 2015 versus the final three months of 2014, JLL said. Villa sale prices dropped 1 percent, while rental values for both villas and apartments were flat."



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