Further Declines Anticipated in Dubai Home Prices
Estate agents in Dubai seem to be in the grips of a bearish sentiment. A significant 46 per cent among their ranks feel that apartment values in Dubai could drop by up to 5 per cent in the first three months of the year, while another 5 per cent reckon the decline to be more than 5 per cent.
Thirty-three per cent, meanwhile, are keeping their fingers crossed that values would remain the same during the first three months, according to a poll conducted by the real estate consultancy Cavendish Maxwell.
With villa prices, 34 per cent of agents suggest a less than 5 per cent softening during the period, with 9 per cent insisting it could be higher. Another 43 per cent believe the status quo at the end of the fourth quarter of 2015 will be maintained. Details