Thursday, 3 September 2015

Dubai property market no place for the easily spooked

Dubai  property market sales and prices continue to fall, according to new data.  

Residential property prices and sales continue to fall in Dubai. New data puts third quarter results somewhere in the “disappointing to bleak” range.

The Phidar Dubai Real Estate International Demand Index (REIDI), which measures the health of the emirate’s property market, dropped significantly in the first six months of 2015 – a slide that’s been blamed on currency fluctuations.