AVERAGE HOUSE PRICE IN FEBRUARY 2019
The Dubai House Price Index from Property Monitor tracks the prices of a selection of apartment and villa/townhouse properties from September 2015.
- Prices declined by 1.8% month-on-month - a fall of 0.1% compared to the monthly change in January 2019.
- In February 2019, the annual decline in house prices was more pronounced in communities such as Arabian Ranches, Emirates Living, Discovery Gardens, Jumeirah Islands and Dubai Sports City, where house prices declined by more than 11% on average.
- Off-plan apartment transfers continued to dominate in February 2019, as has been the case over the past 12 months. However, the total volume of apartment transfers over the first two months of 2019 was nearly 24% lower compared to the same period last year. Meanwhile, the volume of villa/townhouse transfers nearly doubled over the same tenure.
The annual change in prices registered a decline of 10.6% in February, compared to a 9.2% decline in January 2019. According to the House Price Index, the average villa/townhouse price decreased to AED 4.6 million, and the average apartment price remained stable at AED 1.8 million in February 2019 for the same selection of properties tracked since September 2015. House prices in the three months leading up to February were 4.5% lower, compared to the previous quarter.
Monthly
-1.8%
Change
Yearly
-10.6%
Change
Average Price (AED)
2,628,701
Monthly Index Figure
83.7
September 2015 = 100
Methodology used is a simple moving weighted average for a selected basket of properties. For more information click the icon.
Average Apartment
AED 1.8 Million
Average Villa/Townhouse
AED 4.6 Million
| Month | 3 Month % Change | 6 Month % Change | Annual % Change | House Price |
|---|---|---|---|---|
| Sep-17 | 0.0% | -1.0% | -1.2% | AED 2,964,810 |
| Oct-17 | 0.0% | -1.0% | -1.1% | AED 2,958,197 |
| Nov-17 | 0.0% | -1.0% | -1.4% | AED 2,954,322 |
| Dec-17 | -1.0% | -1.0% | -1.7% | AED 2,946,530 |
| Jan-18 | 0.0% | -1.0% | -1.6% | AED 2,946,360 |
| Feb-18 | 0.0% | -1.0% | -1.7% | AED 2,940,607 |
| Mar-18 | 0.0% | -1.0% | -1.7% | AED 2,935,605 |
| Apr-18 | 0.0% | -1.0% | -1.7% | AED 2,932,711 |
| May-18 | 0.0% | -1.0% | -1.5% | AED 2,932,714 |
| Jun-18 | -1.0% | -1.0% | -2.0% | AED 2,911,581 |
| Jul-18 | -1.0% | -2.0% | -2.5% | AED 2,894,723 |
| Aug-18 | -2.0% | -2.0% | -2.9% | AED 2,881,142 |
| Sep-18 | -3.0% | -4.0% | -4.6% | AED 2,827,566 |
| Oct-18 | -3.5% | -4.7% | -5.5% | AED 2,793,975 |
| Nov-18 | -4.4% | -6.1% | -6.8% | AED 2,753,717 |
| Dec-18 | -3.7% | -6.5% | -7.6% | AED 2,722,725 |
| Jan-19 | -4.2% | -7.5% | -9.2% | AED 2,676,234 |
| Feb-19 | -4.5% | -8.8% | -10.6% | AED 2,628,701 |
