If you are looking for a new home in Discovery Gardens, Jumeirah Islands, Arabian Ranches, Emirates Living or Dubai Sports City, you’re in for a bargain.
The average annual prices in these areas have dropped by more than 11 per cent, according to the real estate firm Cavendish Maxwell's latest Dubai House Price Index.
Meanwhile, property values across the rest of the emirate fell by 10.6 per cent.
Overall, the average house price in Dubai decreased to AED 2.6 million, while apartment price remained relatively stable at AED 1.8 million.
The study also indicates the continued dominance of off-plan apartment transfers, but the overall volumes are lower compared to a year ago.
UAE, Ecuador announce CEPA agreement signing
DFSA announces closure of Nasdaq Dubai exchange
UAE capital markets to remain closed until further notice
Abu Dhabi to cover costs of extended hotel stays after missile strikes
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
