News Archive: house prices

24, 2011 October:

New blow to UAE property market as analysts predict more price falls

Property prices and rents in the United Arab Emirates may drop a further 20% this year and next because of excess supply, according to analysts.

21, 2011 July:

Dubai house prices 'set to fall 10pc more'

Dubai's housing market still has nearly a third too much supply and prices will plummet by another 10 percent, deepening a three-year rout to nearly 60 percent from its peak, a Reuters poll showed on Wednesday.

06, 2011 June:

Dubai passes property supply peak

Jones Lang LaSalle (JLL) has said Dubai's real estate is likely to witness some stability in capital values, while Abu Dhabi will see highest value declines over the next 12 months, Emirates 24-7 has reported.

24, 2011 February:

Home values in UAE continue to fall

House prices and rents are still decreasing in the Emirate cities of Abu Dhabi and Dubai, with analysts predicting further falls for the coming year.

14, 2011 February:

Abu Dhabi joins Dubai in property market decline

Cluttons' new Abu Dhabi property index shows values and sales are decreasing in the emirate.

24, 2011 January:

Dubai property prices set for further fall

Despite falling 60% since the peak of the UAE housing boom, Dubai real estate values are set to decrease again this year.

11, 2011 January:

Dubai villa prices fall for end of 2010

It seems the Dubai property bubble has burst, with increasing supply meaning existing villa prices are on the way down.

29, 2010 October:

Abu Dhabi launches new price index

Residential property prices in Abu Dhabi have fallen by 15% in the first three quarters of 2010 compared to the same period last year, according to a new property index being launched in the emirate...

26, 2010 July:

'Flat prices' across Northern Emirates

A real estate recovery is still some way off across the Northern Emirates with apartment rentals flat, prices down by up to eight per cent and villa prices down on average by 12 per cent, the latest figures show... website, www.goop.com...

29, 2010 March:

Valuation standards needed in Gulf

More professional property valuation standards are needed if confidence is to return to real estate markets in the Gulf region, it is claimed...

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