As per the House Price Index, loft and manor/apartment costs declined by 12% and 14 percent separately, since September 2015.
The normal house cost in Dubai is currently AED2.78 million ($760,000) after qualities fell by more than 1% in November, as per new examination.
Property Monitor, the land insight stage from Cavendish Maxwell, said yearly house value development in Dubai eased back by 6.8 percent while costs declined 1.4 percent month on month.
Its Dubai House Price Index for November showed that the yearly decrease in house costs was more articulated in networks like Arabian Ranches, Emirates Living, Jumeirah Islands and Discovery Gardens, where costs fell by in excess of 7% all things considered. In October, optional market moves for estates dominated off-plan action, as has been seen from November 2017 onwards, it said.
Nonetheless, it added that for lofts, off-plan moves kept on overwhelming, albeit the volume of moves for under-development condos declined by 17% year-on-year.
The record likewise showed that Dubai house costs in the three months to November were 4.4 percent lower than the past quarter.
As indicated by the House Price Index, condo and estate/apartment costs declined by 12% and 14 percent individually, since September 2015.
The normal condo cost was AED1.9 million, with the normal manor/apartment value remaining at AED4.8 million in November contrasted with costs of AED2.1 million and AED5.6 million in September 2015.
