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  • PROPERTYEPORTAL HOUSE PRICE INDEX
    March 2020
  •   -1.3%
    Monthly Change
  •   -6.7%
    Annual Change
  • Palm Jumeirah
  •   -0.08%
    Monthly Change
  •   -0.9%
    Annual Change
  • Motor City
  •   -0.06%
    Monthly Change
  •   -0.7%
    Annual Change
  • Jumeirah Golf Estates
  •   -0.04%
    Monthly Change
  •   -0.5%
    Annual Change
  • Jumeirah Village Circle
  •   -0.04%
    Monthly Change
  •   -0.3%
    Annual Change
  • Jumeirah Beach Residence
  •   -0.017%
    Monthly Change
  •   -0.2%
    Annual Change
  • Jumeirah Lakes Towers
  •   -0.06%
    Monthly Change
  •   -0.7%
    Annual Change
  • Jumeirah Park
  •   -0.03%
    Monthly Change
  •   -0.3%
    Annual Change
  • Jumeirah Islands
  •   +0.03%
    Monthly Change
  •   +0.3%
    Annual Change
  • International City
  •   +0.03%
    Monthly Change
  •   +0.2%
    Annual Change
  • IMPZ
  •   -0.03%
    Monthly Change
  •   -0.3%
    Annual Change
  • Emirates Living
  •   +0.04%
    Monthly Change
  •   +0.3%
    Annual Change
  • Dubai Silicon Oasis
  •   -0.09%
    Monthly Change
  •   -1.1%
    Annual Change
  • Dubai Sports City
  •   -0.08%
    Monthly Change
  •   -0.9%
    Annual Change
  • Dubai Marina
  •   +0.09%
    Monthly Change
  •   +0.1%
    Annual Change
  • Dubai Land
  •   -0.08%
    Monthly Change
  •   -0.9%
    Annual Change
  • Dubai Investments Park
  •   -0.12%
    Monthly Change
  •   -1.4%
    Annual Change
  • Dubai Festival City
  •   -0.06%
    Monthly Change
  •   -0.7%
    Annual Change
  • DIFC
  •   -0.075%
    Monthly Change
  •   -0.9%
    Annual Change
  • Downtown Burj Khalifa
  •   -0.05%
    Monthly Change
  •   -0.6%
    Annual Change
  • Discovery Gardens
  •   +0.03%
    Monthly Change
  •   +0.2%
    Annual Change
  • Business Bay
  •   -0.09%
    Monthly Change
  •   -0.1%
    Annual Change
  • Barsha Heights (TECOM)
  •   -0.02%
    Monthly Change
  •   -0.2%
    Annual Change
  • Arabian Ranches
  •   -0.1%
    Monthly Change
  •   -1.2%
    Annual Change
  • Al Furjan
  •   -0.09%
    Monthly Change
  •   -1.1%
    Annual Change
November 7th 2018Global Markets, properties in dubai

Revealed: how luxury Dubai property market compares globally

Luxury property prices in Dubai have fallen by 3.8 percent on average over the past year, according to new research by real estate consultancy Knight Frank.

Its Prime Global Cities Index, Q3 2018 report ranked Dubai 39th out of 43 luxury real estate markets analysed.

It said prime property prices in the emirate have fallen by 4.2 percent in the past six months and by 2.6 percent in the previous quarter.

Only real estate markets in Taipei, Stockholm, Istanbul and Vancouver registered bigger annual declines, Knight Frank’s report showed.

The Prime Global Cities Index ranked Singapore as the city with the strongest rate of annual price growth (13 percent), driven by the limited availability of prime properties and a strong market outlook in the first half of 2018.

It said the price of a luxury property increased by 2.7 percent on average in the last year across the 43 cities covered, adding that the index has grown 55.7 percent since its low in the first quarter of 2009.

Europe’s performance was mixed compared with a year ago. Some European cities are still performing strongly (Edinburgh and Madrid), others have swapped spectacular for steady (Berlin and Paris), while for a few, price growth remains in negative territory (London and Dublin).

The Q3 report named San Francisco as the strongest performing city in North America while 74 percent of cities registered an increase in prime prices year-on-year.

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