Dubai's Q2 apartment prices register 15% decline | ZAWYA MENA Edition:
Average sales prices and rents softened across most communities in Dubai in the second quarter. However, compared to last year, the average rate of price decline has slowed with apartment prices falling 15.1 per cent and villa/townhouse prices down 14.7 per cent, stated Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East.
Off-plan transfers continued to dominate in Dubai in Q2 2019, accounting for more than 52% of total transfers, said the expert in its latest UAE Property Market Report for Q2 2019, containing key data and trends for Dubai, Abu Dhabi and the Northern Emirates.
The report provides comprehensive insights on the health of the UAE’s property market as a whole, covering the residential, commercial, retail, hospitality and industrial sectors. It was compiled by the firm’s in-house Strategic Consulting and Research team, drawing on proprietary data from its real estate intelligence platform, Property Monitor, and in collaboration with its extensive client and partner portfolio.
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