AVERAGE HOUSE PRICE IN JANUARY 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 decline by 1.7% month-on-month - a fall of 0.6% compared to the monthly change in December 2018.
- In January 2019, the annual decline in house prices was more pronounced in communities such as Arabian Ranches, Emirates Living, IMPZ and Dubai Sports City, where house prices declined by more than 10% on average.
- Off-plan apartment transfers continued to dominate in January 2019, as has been the case over the past 12 months. However, the volume of transfers was lower than in January 2018. Since the beginning of 2019, transfers of apartments and villas/townhouses decreased by 42% compared to the same period last year.
The annual change in prices registered a decline of 9.2% in January, compared to a 7.6% decline in December 2018. According to the House Price Index, the average villa/townhouse price was AED 4.7 million, and the average apartment price was AED 1.8 million in January 2019 for the same selection of properties tracked since September 2015. House prices in the three months leading up to January were 4.2% lower than the previous quarter.
Monthly
-1.7%
Change
Yearly
-9.2%
Change
Average Price (AED)
2,699,945
Monthly Index Figure
84.6
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 4.7 Million
| Month | 3 Month % Change | 6 Month % Change | Annual % Change | House Price |
|---|---|---|---|---|
| Sep-17 | 0.0% | -1.0% | -1.2% | AED 2,991,491 |
| Oct-17 | 0.0% | -1.0% | -1.1% | AED 2,984,798 |
| Nov-17 | 0.0% | -1.0% | -1.4% | AED 2,980,915 |
| Dec-17 | -1.0% | -1.0% | -1.7% | AED 2,973,084 |
| Jan-18 | 0.0% | -1.0% | -1.6% | AED 2,972,944 |
| Feb-18 | 0.0% | -1.0% | -1.7% | AED 2,967,110 |
| Mar-18 | 0.0% | -1.0% | -1.7% | AED 2,962,076 |
| Apr-18 | 0.0% | -1.0% | -1.7% | AED 2,959,127 |
| May-18 | 0.0% | -1.0% | -1.5% | AED 2,959,130 |
| Jun-18 | -1.0% | -1.0% | -2.0% | AED 2,937,765 |
| Jul-18 | -1.0% | -2.0% | -2.5% | AED 2,920,737 |
| Aug-18 | -2.0% | -2.0% | -2.9% | AED 2,907,065 |
| Sep-18 | -3.0% | -4.0% | -4.6% | AED 2,852,541 |
| Oct-18 | -3.5% | -4.7% | -5.6% | AED 2,818,543 |
| Nov-18 | -4.4% | -6.1% | -6.8% | AED 2,778,068 |
| Dec-18 | -3.7% | -6.5% | -7.6% | AED 2,746,834 |
| Jan-19 | -4.2% | -7.6% | -9.2% | AED 2,699,945 |
