Housing prices decline in Dubai
June 30, 2010In May, the index of home prices in the emirate has climbed down by 1.2%, compared to the preceding month.
Residential property prices have declined by 0.6%, while flat cheapened by 2.9%, Arabian Business reports with reference to a joint study by Real Estate Regulatory Agency (RERA) and the Dubai Land Department (DLD).
In comparison to May 2009, Dubai housing prices have climbed up slightly, gaining 0.3%.
We would like to remind you that, according to Jones Lang LaSalle, housing prices in the emirate have increased by 1%, Q1 to Q2.
See also: Experts forecast a further decline in Dubai housing prices
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