Real estate price index dubai
The worst is yet to come for Dubai’s real estate after prices already plunged close to levels last seen during a crash a decade ago, according to S&P Global Ratings. Dubai Home Prices Tumble 10.6% Annually in February. According to the latest Dubai House Price Index, the average annual home price in Dubai decreased by 10.6% in February 2019, with some communities registering even higher price declines. The US Dollar Index is 97 now – and the GCC economy is mired in a deflation big chill. Since the UAE dirham cannot devalue due to the peg, the burden of adjustment falls on the property and stock market. It is surely, no coincidence that Dubai home prices, the Euro, crude oil and Emaar Properties shares on the DFM all peaked in 2014?