Our quarterly study of Dubai property trends was
published this week and the results are now up on the web and
on this blog. In a nutshell, prices across Dubai overall rose amid falling sales volumes, largely because the bulk of transactions shifted up-market. Specifically, completion of projects in Business Bay and the imminent opening of Burj Dubai stimulated transactions in that area. The higher proportion of expensive deals pulled up averages overall, even though most developments saw prices continue to decline. Analysts say the outlook remains poor, with population declines and job losses running into a glut of incoming supply.
