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IPFS News Link • Dubai

Dubai Housing Prices Tumble To 2008 Levels

• by Tyler Durden

Cavendish Maxwell's Dubai House Price Index via Property Monitor shows single-family house prices dropped 15.3% YoY this June, compared to a 9.2% annual decline recorded in January 2019.

According to the House Price Index, the average house/townhouse price decreased to $1,197,944.00, and the average apartment price remained steady at $462,842.00 in June. House prices in the three months leading up to June were 4.5% lower, compared to the previous quarter.

As of June 2019, apartment and house/townhouse prices plummeted 21.4% and 22.4% respectively, compared to their prices of $571,735 and $1,524,628 in September 2015.