AVERAGE HOUSE PRICE IN SEPTEMBER 2018
Dubai House Price Index tracks the prices of a selected basket of apartment and villa/townhouse properties since September 2015.
- Prices decline by 1.9% month-on-month, a slight fall of 0.3% compared to the monthly change in December 2017.
- Subdued economic activity and handover of new supply later this year is likely to exert further downward pressure on house price growth
- Developers are launching projects with flexible extended payment terms, incentives and competitive rates
Annual change in house prices registered declines of 4.6% in September compared to 2.9% decline in August 2018. According to the House Price Index, villa/townhouse price stood at AED 4.9 million and apartment house price was AED 1.9 million in September 2018 for the same basket of residential properties tracked since September 2015. House prices in the three months to September were 3% lower than the previous quarter.
Monthly
-1.9%
Change
Annual
-4.6%
Change
Dubai House Price (AED)
2,852,541
Monthly Index Figure
89.4
September 2015 = 100
Methodology used is a simple moving weighted average for a selected basket of properties. For more information click the icon.
Apartments
AED 1.9 Million
Villa/Townhouse
AED 4.9 Million
| Month | 3 Month % Change | 6 Month % Change | Annual % Change | House Price |
|---|---|---|---|---|
| Sep-17 | 0% | -1.0% | -1.25% | AED 2,991,491 |
| Oct-17 | 0% | -1.0% | -1.09% | AED 2,984,798 |
| Nov-17 | 0% | -1.0% | -1.43% | AED 2,980,915 |
| Dec-17 | -1.0% | -1.0% | -1.70% | AED 2,973,084 |
| Jan-18 | 0% | -1.0% | -1.64% | AED 2,972,944 |
| Feb-18 | 0% | -1.0% | -1.73% | AED 2,967,110 |
| Mar-18 | 0% | -1.0% | -1.69% | AED 2,962,076 |
| Apr-18 | 0% | -1.0% | -1.70% | AED 2,959,127 |
| May-18 | 0% | -1.0% | -1.50% | AED 2,959,130 |
| Jul-18 | -1.0% | -1.0% | -2.02% | AED 2,937,765 |
| Jul-18 | -1.0% | -2.0% | -2.54% | AED 2,920,737 |
| Aug-18 | -2.0% | -2.0% | -2.89% | AED 2,907,065 |
| Sep-18 | -3.0% | -4.0% | -4.64% | AED 2,852,541 |
