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Property prices in Dubai rose in August, but rents continue to fall
Posted on October 11, 2021 |
- Apartment prices increased 2.5% and villa prices 17.9% in the 12 months to August 2021 which are still 30.4% and 20.5% below, respectively than 2014.
- In August, apartments rent fell 5.2% yearlong but villa prices soared 15.5%
- Average rents in the prime and Grades A to C categories dropped 4.1% and 6.5% year on year in the third quarter.