KF: Dubai prime housing prices down 4.5% y-o-y in 2Q15
Knight Frank (KF) noted that its index for prime residential property (i.e. the top 5% in terms of traded prices) in Dubai fell by 4.5% y-o-y in 2Q15. The index has fallen by 3.2% since the beginning of 2015 and by 2.5% in 2Q15 alone. Dubai’s y-o-y fall means that it is the 30th best performing of the 35 cities for which KF published data. Dubai was in eighth place in KF’s ranking of the 40 most important cities for UNHWIs worldwide in 2015, which appeared in its Global Cities survey early this year.
Source : August 2015/KF/Dubai/RES