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English news

14-Jul-2019

Average Dubai property prices down nearly 30% since 2014 peak according to ValuStrat

Average Dubai property prices are now nearly 30% lower than their peak in mid-2014, according to new research. Real estate consulting firm ValuStrat said in a new report that citywide values in the second quarter of 2019 are 29.3% lower than five years ago when prices were at their highest. The Q2 ValuStrat Price Index displayed an overall 11.5% annual fall in capital values, with quarterly declines decelerating to 2.9%.