Prime Dubai property prices will set to fall 2.4% in 2019
Luxury real estate prices expected to fall next year in Dubai. Publishing a report forecast to fall by more than 2 percent in Dubai. In this case, Dubai will be the most important market after Hong Kong and Mumbaiden.
Knight Frank’s Prime Global Forecast 2019 predicted a convergence of price growth across the world’s luxury residential markets, with Dubai prices set to drop by 2.4 percent.
Mumbai and Hong Kong expect to see a larger drop in all markets. Significant decline in major European cities such as Madrid, Berlin and Paris.
“Still positive, but marginally down on 2018, the normalisation of monetary policy, weaker economic growth and a fragile political landscape post-Brexit will influence demand, but the relative value of these cities remains a key driver.”
Los Angeles 2%
New York 0%
Hong Kong -10%
Sevdenur Demir / realestatecoulisse.com