Prices set to fall: Survey

While most consultancies in Dubai predict a decline in rents this year, a recent survey says this will be seen in the first quarter itself.

A number of global real estate consultancies have predicted rents to fall in 2015, but the Reidin Housing Market Sentiment Index Survey expects the decline in the first quarter itself.

Emirates 24/7 reported that the index result shows that sentiment of rental price is ‘moderately negative’, but the rental volume is ‘moderately positive’ for the first quarter, which means rental transactions will be more compared to the previous quarter.

The sentiment of sales price and sales volume remain ‘negative’ while the overall housing markets professional sentiment is ‘moderately negative’.

As for the index, Reidin said the quarterly structured questionnaire survey is conducted among housing market players such as agents, developers, bankers and consultants.

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