fbpx
Join eProperty WhatsApp Channel

Join Pakistan’s Most Popular Whatsapp Channel for Property New Updates and Daily Prices

HOT | PLOTS | BOOKINGS | UAN: 03 111 042 111

eProperty®

Learn, Share & Grow

Buy DHA Lahore Phase 10 Files

Dubai property prices down again, latest figures show

Apartment property prices in Dubai fell significantly in November in all categories apart from those in the 51 to 100 square meter category, the latest figures show.

Prices rose marginally in this sector month on month, the data from REIDIN, the leading real estate information company covering emerging economies, shows. It is based on transaction figures from the Dubai Real Estate Authority and is regarded as a reliable benchmark.

Prices in the 50 square meter and less category are now 17.55% below November 2009 and fell by 0.1% on a monthly basis, the figures show. In the 51 to 100 square metre sector the average price has decreased 9.06% year on year and 0.11% month on month in November 2010.

While in the 101 to150 square meter segment the average nominal price decreased 6.3% year on year and 2.31% month on month and prices in the 151 square meter and more sector have fallen by 7.91% year on year in November 2010 and decreased by 2.36% month on month.

Overall, apartment prices decreased by 1.12%, while villa prices fell by 0.81% in November 2010 compared to October 2010.

The REIDIN.com SPID All Residential dropped by 8.36 points in the third quarter of 2010 to 167.60 basis points, a 4.75% decrease from the third quarter of 2009. At the same time, the apartment index declined by 7.48%, while the villa index increased by 0.90%.

The firm’s research covers about seven citywide indices and a total of 19 district and project based indices to provide accurate sampling of the Dubai housing market. Earlier this month, several real estate agencies warned that prices could keep on falling for another two years.

Landmark Advisory warned that residential values may fall by as much as 20% more by the end of 2012 if the supply of new homes is not curbed while Jonathan Fothergill, director of UAE valuations at Cluttons, said that while prices would continue to decline next year, this would happen at a much slower rate and that a key factor would be those properties that are well located and well maintained.

Bali Metro

Dubai property prices down again, latest figures show
eProperty WhatsApp Community

Join the eProperty Community for daily Pakistan Property rate updates, the latest developments, and news.

eProperty WhatsApp Community

Property buying and selling was never easy before; simply connect with our WhatsApp hotline for absolutely free property consulting. Please save this number, +923111042111 in your contact list to get regular updates from us; otherwise, you will not receive any updates.

Dubai property prices down again, latest figures show
Scroll to top
Open chat
WhatsApp Hotline
السلام عليكم ورحمة الله وبركاته

مہربانی فرما کر ہمارا نمبر 00923111042111 اپنے موبائل کی رابطہ لسٹ میں محفوظ کر لیں۔ اگر یہ نمبر آپکے موبائل کی رابطہ لسٹ میں محفوظ نہی تو آپ کو ہماری طرف سے تازہ معلومات موصول نہی ہوں گی۔

Kindly save this number in your contact list for future updates. You will not received our WhatsApp updtaes if this number +923111042111 is not saved in your contact list.

Atif Iqbal from eProperty®