PRIME DUBAI HOUSE PRICES TO FALL BY 10% IN 2015

Ekaruna - - News Round Up -

The prices of some of Dubai’s prime prop­er­ties are set to fall by up to 10% in 2015; how­ever, ac­cord­ing to a re­port by Knight Frank, grow­ing in­ter­est from In­dian buy­ers will cush­ion the de­cline. Knight Frank’s Prime Global Cities Forecast claims that the lux­ury residential mar­ket faces both chal­lenges and op­por­tu­ni­ties over the next year. The re­port also states that the big­gest risks to growth in 2015 in­clude a slow­ing global econ­omy and high in­fla­tion along with low house­hold in­come growth.

Newspapers in English

Newspapers from Lebanon

© PressReader. All rights reserved.