Property sales have fallen by up to 46% in parts of Dubai in last two years

Some parts of Dubai have seen residential property sales fall by more than 40% in the last two year but looking ahead the market is set to pick up in 2016. Reports from the Unitas Consultancy and Reidin show that house sales in Dubai Marina, for example, fell to less than 1,500 in the first three quarters of 2015 compared to 2,250 during the same period in 2014, and down from 2,700 in 2013, a fall of 46%. In Downtown Dubai the number of sales fell to 500 compared with 800 in 2014 and 750 in 2013...