Dubai Home Prices Continue to Implode in 2019

According to the Property Monitor's latest Dubai House Price Index, the average annual house price in Dubai decreased by 12% in March 2019, with some communities registering even higher price declines.
Arabian Ranches, Emirates Living, Dubai Silicon Oasis, Jumeirah Islands and Dubai Sports City were some of the communities that registered price declines of more than 12% on average. Month-on-month, the price decline for March was 1.7% compared to 1.8% in February. House prices in the three months up to March were 5.1% lower than in the previous quarter. Overall, the average house price in Dubai decreased to under AED 2.6 million (AED 2.58 million).