general info PROPERTY PRICES END THE YEAR DOWN
Property Prices End The Year Down
Updated on 20 December 2018

A recent report on the property market performance in the second half of 2018 by Bayut.com has seen a slight slide in property prices. Though a few areas have remained steady in the second half of the year, some locations have seen declines in prices of up to almost 13%.

The most popular area for apartment sales is still Dubai Marina where prices were stable in the second half of the year against the first half, as have apartments in Downtown Dubai. The biggest drop in the price of apartments was International City where prices fell by 12.9%, and other areas of Dubai saw a drop of between 2 and 9%.

The price of villas has also seen a drop in the second half of the year and though Arabian Ranches is the most sought after area for villa sales, average prices have fallen by between 6 and 7% overall, with three bedrooms selling at Dhs 2.8million, down from Dhs 3.05million, and four bedrooms down from Dhs 4.1million to Dhs 3.8million.

In the rental market prices have also seen a drop with areas such as Discovery Gardens down by 12.5% for apartments and villas in Jumeirah down by 9.5%.

Share this page!
COMMENTS
MORE ON general info

Dubai based Emirates has announced it will be resuming scheduled flights to a further 16 destinations from 15 June, taking the number of cities with scheduled flights that Emirates now serves to 29.

The Supreme Committee of Crisis and Disaster Management in Dubai, headed by His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum

Airports across the UAE are now able to operate limited flights in and out of te country. These flights are limited to transit flights that use these airports, repatriation flights for tourists and residents as well as flights for returning citizens

Passengers flying out of Dubai International (DXB) who may require additional personal protective equipment (PPE) are able to purchase them at the airport through convenient vending machines. 

For a lot of us, whenever we encounter aches and pains, we tend to book in for a massage to ease the pain out, but what exactly is massage therapy and can it help us in any other way. 

The Supreme Committee of Crisis and Disaster Management in Dubai, headed by His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum

A set of guidelines have been announced confirming the requirements for wearing a mask in public areas and when outside of the house, for different age groups.

Increased restrictions on movement have been announced in Abu Dhabi, and for one week from today, Tuesday 2 June, travel in and out of Abu Dhabi will not be allowed.

Despite movement restrictions and social distancing, six UAE based athletes smashed the Guinness World Records for the most chest to ground burpees in a 24 hour period.

The Ministry of Health and Prevention, (MoHAP) has issued some brief advice on the benefits of wearing masks and the type of masks to use.

First Previous 1 2 3 4 5 6 7 8 9  ... Next Last 
FEATURED
A 'must do' when in Dubai.
The Dubai Fountain was designed by California-based WET, the creators of the Bellagio Fountain in Las Vegas, and is 275 metres long with five circles and two central arcs. Over
Unveiled in February 2010, the Burj Khalifa stands 828 metres high - 320 metres taller than Taipei 101 which held the record since 2004. The Burj Khalifa currently holds seven records, including the highest occupied
Since its opening in December 1999, the Burj Al Arab has been one of the most photographed structures in the world. Sometimes referred to as "the world's most luxurious hotel
The UAE is surrounded by two bodies of water, both offering different diving experiences. Dubai is good for shipwrecks, which are home to Barracuda, Snappers and Jacks, with common
Take a magic carpet ride across rolling red sand dunes, with an amazing bird's eye view of the untouched desert below.
HAPPENINGS
Are you missing travelling and exploring new places? Even with us being confined to our homes, you can still keep discovering new places through complimentary virtual tours arranged by digital platform Google Arts and Culture.
If you are expecting a quiet month with not much else to do other than some me-time, then think again. The calendar this month is packed full of things for everyone to do. There are things for everyone from music lovers, fitness fans, foodies, art.
Do you love food and more food? Then this is for you. Etisalat Beach Canteen, part of Dubai Food Festival, is back for daily from 8pm onwards until 14 March. The food carnival is on Jumeriah Beach
Top things to do in Dubailand, Motor City, Sport City and Green Community
Top things to do in Jumeirah Lakes Towers (JLT), Emirates Living, Jebel Ali, Dubai Marina and Jumeirah Beach Residence (JBR)
Top things to do in Al Barsha, Barsha Heights and Al Quoz
Top things to do in Downtown Dubai, DIFC, Business Bay, Al Meydan and Dubai Design District
Top things to do in Jumeirah 1,2,3, Beach Road, Al Wasl Road, Umm Suqeim, Al Sufouh, Palm Jumeirah
Top things to do in Sheikh Zayed Road, 2nd of December Street and Al Satwa
Top things to do in Bur Dubai, Karama, Al Mankhool, Al Jaddaf and Oud Metha
Top things to do in Deira, Garhoud and Al Muteena.
Dubai stands in line with cities like Paris, Milan, London and New York, so you can never be bored of this city. There are a million of things to see, try, and taste!
And you won't be disappointed.
Your little ones will thank you.
INSTAGRAM
FOLLOW
Discover Dubai
Stay Connected - Drop us your email.