Dubai Property price growth rate slowing

Dubai: House prices in Dubai are still rising, but the rate of increase is expected to slow in the coming year, according to the latest research into the local property market.

There was an increase of just 5 per cent in the growth of house prices in Dubai in the three months to September, compared to the previous quarter.

But according to international property firm Colliers, the rate of growth in house prices has been dropping rapidly since the beginning of the year.

Although house prices increased by 43 per cent in the first quarter, by the second quarter the growth rate had declined to 16 per cent.

Growth in residential prices is expected to slow further as the year comes to an end.

Nevertheless, year-on-year growth in the third quarter was 80 per cent.

UAE Lists Comment: We must ask which index this is based on? Nothing is being sold according to the people we talk to even at dramatically lower prices. If it is based on RERA transactions, then what was the transaction date? (date of signature, not of registration?) Since RERA data shows pr. registration date, the data on RERA can be up to 3 years old, since all old property registrations need to be recorded before yearend. So get the sales closing date registration and not the “stamping” date published.

Gulfnews: Property price growth rate slowing

Other Links:

Dubai Property Prices
UAE Property Availability Report 
Post your Dubai Property advert here
Dubai Classifieds
Dubai Marina off-plan down 38%
Dubai Marina down 32%