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    • Villa sales prices declined in Dubai in March
    • PROPERTYEPORTAL HOUSE PRICE INDEX
      March 2020
    •   -1.3%
      Monthly Change
    •   -6.7%
      Annual Change
    • Palm Jumeirah
    •   -0.08%
      Monthly Change
    •   -0.9%
      Annual Change
    • Motor City
    •   -0.06%
      Monthly Change
    •   -0.7%
      Annual Change
    • Jumeirah Golf Estates
    •   -0.04%
      Monthly Change
    •   -0.5%
      Annual Change
    • Jumeirah Village Circle
    •   -0.04%
      Monthly Change
    •   -0.3%
      Annual Change
    • Jumeirah Beach Residence
    •   -0.017%
      Monthly Change
    •   -0.2%
      Annual Change
    • Jumeirah Lakes Towers
    •   -0.06%
      Monthly Change
    •   -0.7%
      Annual Change
    • Jumeirah Park
    •   -0.03%
      Monthly Change
    •   -0.3%
      Annual Change
    • Jumeirah Islands
    •   +0.03%
      Monthly Change
    •   +0.3%
      Annual Change
    • International City
    •   +0.03%
      Monthly Change
    •   +0.2%
      Annual Change
    • IMPZ
    •   -0.03%
      Monthly Change
    •   -0.3%
      Annual Change
    • Emirates Living
    •   +0.04%
      Monthly Change
    •   +0.3%
      Annual Change
    • Dubai Silicon Oasis
    •   -0.09%
      Monthly Change
    •   -1.1%
      Annual Change
    • Dubai Sports City
    •   -0.08%
      Monthly Change
    •   -0.9%
      Annual Change
    • Dubai Marina
    •   +0.09%
      Monthly Change
    •   +0.1%
      Annual Change
    • Dubai Land
    •   -0.08%
      Monthly Change
    •   -0.9%
      Annual Change
    • Dubai Investments Park
    •   -0.12%
      Monthly Change
    •   -1.4%
      Annual Change
    • Dubai Festival City
    •   -0.06%
      Monthly Change
    •   -0.7%
      Annual Change
    • DIFC
    •   -0.075%
      Monthly Change
    •   -0.9%
      Annual Change
    • Downtown Burj Khalifa
    •   -0.05%
      Monthly Change
    •   -0.6%
      Annual Change
    • Discovery Gardens
    •   +0.03%
      Monthly Change
    •   +0.2%
      Annual Change
    • Business Bay
    •   -0.09%
      Monthly Change
    •   -0.1%
      Annual Change
    • Barsha Heights (TECOM)
    •   -0.02%
      Monthly Change
    •   -0.2%
      Annual Change
    • Arabian Ranches
    •   -0.1%
      Monthly Change
    •   -1.2%
      Annual Change
    • Al Furjan
    •   -0.09%
      Monthly Change
    •   -1.1%
      Annual Change
    April 23rd 2019dubai real estate, News

    Villa sales prices declined in Dubai in March

    Villa sales prices in Dubai declined in March, according to a new Dubai House Price Index published by Cavendish Maxwell.

    According to the statistics, the average annual house price in Dubai fell by 12 percent in March.

    Some communities – including Arabian Ranches, Dubai Sports City, Dubai Silicon Oasis and Jumeirah Islands – were found to have registered price declines of more than 12 percent.

    Month-on-month, the price decline for March was 1.7 percent compared to 1.8 percent in February.

    House prices in the first three months up to March were 5.1 percent lower than in the previous quarter.

    Overall, the average house price in Dubai decreased to under AED 2.6 million.

    Additionally, while the rate of off-plan apartment transfer was found to remain high, the total volume of residential transactions in Q1 was 3 percent lower than the same period in 2018.

    At the same time, the volume of apartment transfers over Q1 2019 fell almost 14 percent compared to the same time period last year.

    The Cavendish Maxwell statistics also show that average apartment prices remains stable at AED 1.8 million, only a marginal change from February.

    Average villa and townhouse prices were found to have declined to AED 4.5 million.

    All rights reserved to the initial publisher for Arabian Business.

    Collected and published by propertyeportal.com editorial team. Get in touch with us at [email protected]