Dubai's residential property values down 2.6% in Q3: ValuStrat | ZAWYA MENA Edition:
The residential properties across Dubai displayed an overall 11.2 per cent annual fall in capital values, with quarterly declines decelerating to 2.6 per cent, said a leading local consulting firm ValuStrat in its Dubai real estate review for third quarter 2019.
This downward trend resulted in 31.1% citywide capital value loss since the peaks of mid-2014. All established freehold locations monitored by the VPI witnessed price drops since the last quarter, ranging from 1.8% to 4.5%, stated ValuStrat Price Index (VPI).
On an annual basis, 3 out of 26 locations were more resilient to downward pressure and saw single-digit declines, villas in Palm Jumeirah and Emirates Hills, as well as apartments in Dubai Sports City, stated VPI, which is a valuation-based price index for Dubai’s residential capital values.
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