10% decline in Dubai property prices

Thursday, 1 October 2015 10:20

Property prices in Dubai have fallen almost 10% over the past year. That’s according to the data company Reidin, which compared prices of villas and apartments between August 2014 and 2015. It’s the latest in a series of reports documenting the correction in Dubai residential property. Property consultants JLL now predicts prices will fall around 15% this year. Still, many developers remain upbeat. Rahail Aslam, CEO of Select Group, told ARN News Centre the correction is healthy, and will be short lived.

Listen

While prices to buy villas and apartments are falling, rents are holding steady. Reidin says rents in Dubai have fallen just 1% over the past year.

More from Local News

1 dead, 5 injured after gas cylinder blast at Dubai car showroom

Dubai Civil Defence teams have completed response operations following a gas cylinder explosion at a car showroom on Sheikh Zayed Road.
Rain alert for parts of UAE

The National Centre of Meteorology says parts of the UAE will see cloud build-up and rainfall of varying intensity through Friday, mainly across the eastern and southern regions.
Dubai sets up media committee to counter fake news, misinformation

A new committee will be set up in Dubai to counter misinformation and false news through clear, transparent communication, and safeguard the Emirate's development achievements.
UAE marks 1,000 days of humanitarian mission supporting Gaza

The UAE marked 1,000 days of Operation Chivalrous Knight 3 on Sunday, its humanitarian mission providing emergency relief, medical care and recovery support to people in the Gaza Strip.
UAE continues to send more aid convoys to Gaza

The UAE has sent five more aid convoys to the Gaza Strip this week as part of the ongoing 'Operation Chivalrous Knight 3' campaign that provides humanitarian and relief assistance to the Palestinian people.
UAE and Kuwait foreign ministers discuss regional developments

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs held talks on Sunday with Kuwait's Foreign Minister Sheikh Jarrah Jaber Al-Ahmad Al-Sabah.
UAE President, Zelenskyy discuss Ukraine crisis and bilateral ties

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks with Ukrainian President Volodymyr Zelenskyy on Sunday, focusing on bilateral cooperation and the latest developments in the Ukraine conflict.
H.H. Sheikh Hamdan approves supervisory committee supporting families

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, has approved the formation of the Supervisory Committee for Initiatives under the ‘Sheikha Hind bint Maktoum Family Programme’.

Recently Played

Latest Blogs

Pinoy Bulletin August 03 - 7, 2026
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Pinoy Tribe with FitKada DXB
Pinoy Expat Corner

What inspired them to choose running as their form of exercise despite their busy work schedules as OFWs?
Pinoy Bulletin July 27 - 31, 2026
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!

10% decline in Dubai property prices

More from Local News

Recently Played

Latest Blogs

Our Shows

Quick Links

Listen on the Go

10% decline in Dubai property prices

Share

More from Local News

Recently Played

Latest Blogs

Our Shows

Quick Links

Listen on the Go