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Dubai property prices may drop 15% more, says CBRE

Average sale prices in the Dubai property market are expected to fall 10 to 15% across Dubai during the remainder of this year, Matthew Green, head of research and consultancy at CBRE, told Gulf News. "However, we have to consider the fractional nature of the market as it stands, where individual developments and properties are seeing price movement as opposed to the whole shifting in tandem, as was starkly apparent during the peak," he added.