Knight Frank research ranks Dubai 39th out of 43 cities worldwide for performance of luxury real estate market
Luxury property prices in Dubai have fallen by 3.8 percent on average over the past year, according to new research by real estate consultancy Knight Frank.
Its Prime Global Cities Index, Q3 2018 report ranked Dubai 39th out of 43 luxury real estate markets analysed.
It said prime property prices in the emirate have fallen by 4.2 percent in the past six months and by 2.6 percent in the previous quarter.
Only real estate markets in Taipei, Stockholm, Istanbul and Vancouver registered bigger annual declines, Knight Frank's report showed.
The Prime Global Cities Index ranked Singapore as the city with the strongest rate of annual price growth (13 percent), driven by the limited availability of prime properties and a strong market outlook in the first half of 2018.
0 comments