House prices set to fall by 1-5%

26.04.2015
Areas such as International City and Sports City, where more amenity is planned, will continue to experience strong demand, Deloitte said in a recent report.

Residential sales prices in Dubai may continue to soften by between 1-5% in the first half of 2015, before stabilising in the second half of the year, Deloitte said on Sunday.

Deloitte Financial Advisory, which has launched its inaugural Real Estate predictions report for Dubai, also said affordability for both nationals and expatriates will gain more attention in 2015.

Areas such as International City and Sports City, where more amenity is planned, will continue to experience strong demand, Deloitte said.

Robin Williamson, managing director, Deloitte Corporate Finance Limited, said: "Dubai's property market has experienced another year of change, with a leveling off in capital growth, in certain areas, towards the end of the calendar year."

"Whilst possibly not welcomed by traders and speculators, this new characteristic suggests a market that is in fact maturing and arguably strengthening. Provided growth continues at sustainable and realistic levels over the medium term, this is likely to improve end-user and investor confidence, which will have obvious benefits to the Dubai property market as a whole."

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back