Dubai’s residential property market looks set to experience a fall in the first half of 2015. This projection follows data showing that the total number of property transactions in April plummeted nearly 52% (compared with April 2014).
A recent report from Deloitte forecast that average prices of homes in Dubai are likely to slide in the first half of this year by between 1% and 5%. However, Deloitte believes that prices for residential properties are now at more sustainable levels and indicate a longer-term trend. The report suggests that prices should level off in the second half of the year.