Dubai Residential Market Report - Q2 2015
Cavendish Maxwell Residential Market Survey Q2 2015 vs
Predictions
Reality
68% of agents surveyed predicted an overall market price decline of between 1% and 5% during Q2 2015
Overall market prices fell by 1.7% in Q2 2015
44% of agents surveyed predicted villa prices to decline between 1% and 5%
Villa prices fell by 2.4%
41% of agents surveyed predicted apartment prices to decline between 1% and 5%
Apartment prices fell by 2%
Looking forward - Q3 2015
Q 3 2 0 1 5 s a le s o u t lo o k Apartments Percentage of agents who predicted apartment prices would: 0% 18%
Villas Percentage of agents who predicted villa prices would: 0%
9%
12% 24% 26%
33% 40%
increase by more than 5%
38%
increase by up to 5%
not change
decrease by up to 5%
decrease by more than 5%
Source: Cavendish Maxwell Residential Market Survey
Q 3 2 0 1 5 re n t s o u t lo o k Apartments Percentage of agents who predicted apartment rents would: 0% 16%
Villas Percentage of agents who predicted villa rents would: 2%
22%
27%
23%
20%
17% 39%
34%
increase by more than 5%
increase by up to 5%
not change
decrease by up to 5%
decrease by more than 5%
Source: Cavendish Maxwell Residential Market Survey
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