Dubai Home Prices Continue to Implode in 2019

Property Monitor | April 26, 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).

Spotlight

By various metrics, UK commercial property is looking fully priced. At the same time, ‘theoretical Brexit’ is becoming much closer to ‘real Brexit’. Consequently, investors (especially cross-border investors) are increasingly trying to understand what might be in the offing. While the shape of the economy and property market post-Brexit remains uncertain, the impacts since the vote to leave may offer clues. This paper seeks to review the broad pattern of impact, so as to suggest where the key risks may be focused.

Spotlight

By various metrics, UK commercial property is looking fully priced. At the same time, ‘theoretical Brexit’ is becoming much closer to ‘real Brexit’. Consequently, investors (especially cross-border investors) are increasingly trying to understand what might be in the offing. While the shape of the economy and property market post-Brexit remains uncertain, the impacts since the vote to leave may offer clues. This paper seeks to review the broad pattern of impact, so as to suggest where the key risks may be focused.

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