Residential prices declined in July and August before levelling off in September, with marginal monthly increases of 0.3% for apartments and 0.1% for villas. Apartment and villa prices ended Q3 down 0.4% and 1.1% QoQ, respectively. Office prices remained 14.6% higher year on year, despite a 1.3% quarterly decline.
Residential sales totalled AED 74.75bn. Transaction volume declined 2.7% QoQ, compared with a 19.3% decline in Q2, while ready residential sales volume increased 19% QoQ.
Office sales volume rose 12% QoQ. Sales value stood at AED 4.37bn, up 40% year on year but down 42% from Q2.
Reidin’s report analyses Dubai’s residential and office markets by community, property type and price band, covering luxury sales, financing patterns and completed and developer-announced supply.
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