Property sales and prices in Dubai have dropped, according to a new report.
The number of property sales in Dubai plummeted by 69% in the in the first half of 2015, according to a new report from Jones Lang LaSalle (JLL).
Residential transactions dropped to 7,400 between January and June this year, down from 23,800 in the same period of 2014.
JLL’s Dubai Q2 Market Report, published 29 July 2015, also revealed that the overall value of sales nosedived, falling 66% to Dh12.7 billion (£2.2 billion).
