The residential property market in the United Arab Emirates continues to slow down, with the latest index data showing that rents and prices are falling on a monthly and annual basis.

In Dubai prices fell by 0.64% in June month on month and decreased by 6.18% year on year, with both apartments and villas seeing values fall, according to the ReidIn index. Apartment prices fell by 0.63% month on moth and by 6.18% year on year while villa prices were down by 0.71% month on month and by 7.43% on an annual basis, a breakdown of the figures shows.

The lettings market is also declining with rents down 1.3% month on month and 8.81% year on year. Apartment rent decreased by 1.46% on a monthly basis and 8.39% year on year while villa rents were down 0.46% month on month and down 11.02% annually. There is a similar picture on neighbouring Abu Dhabi with prices down 1.03% in June and down 6.95% year on year.

Apartment prices fell month on month by 0.76% and by 7.64% year on year while villa prices were own 1.93% and 4.81% respectively. Rents are also falling in Abu Dhabi, down by 1.19% on monthly basis and by 11.11% year on year. A breakdown of the figures show that apartment prices were down by 1.51% month on month and 12.3% year on year while villa rents fell by marginally by 0.09% month on month but are still 6.77% lower than June 2017.

Prices and rents are also down in other locations. In Ajman apartment prices decreased 1.97% month on month and by 3.33% year on year while apartment rents fell by 1.84% and 7.9% respectively. In Ras Al Khaimah apartment prices decreased 0.28% month on month and by 2.88% year on year while in the lettings sector they were down by 0.82% on a monthly basis and 10.97% on an annual basis.

The index also shows that in Sharjah apartment prices fell by 0.87% month on month and by 4.29% year on year while rents were down 0.90% and 6.98% year on year.

Abode Affiliates

  • Alleyne Real Estate
  • Blevins Franks
  • Coldwell Banker
  • Crane Resorts
  • The Hideaways Club
  • Monaco Real Estates
  • RDO
  • Rosemont Consulting
  • St Francis Links
  • Unique Home Stays
  • Yoo
  • Worldwide Dream Villas
  • Cyan International Properties
  • Enigma Yachts Limited
  • Cornerstone Tax Advisors
  • Lida Cucina
  • Pedini London
  • Alexander James
  • Wings
  • Moore Stephen
  • Ibiza Transit Express
  • Oyster Yachts
  • Jumeirah
  • Wall Street Luxury
  • Heron Real Estate
  • Edenhurst
  • MG&AG
  • Gama Property
  • Touch Design Group
  • St Edward
  • Ultra Villa
  • Luxury Italian Living
  • Habitat First Group
  • BDO
  • 7Storeys
  • Smart Currency Exchange
  • Strutt and Parker
  • Prestige Architects
  • Worldwide Property
  • Panorama
  • Dimora
  • Dominic McKenzie Architects
  • The Coastal House
  • Chamonix Ski Chalet
  • Luxe Caribbean Properties
  • Harry Manning
  • Smart Living
  • Isle Blue
  • MAS Marbella
  • London Fractions
  • QTD
  • Page Architects
  • Millgate
  • Jersey Finance
  • guernsey-relocations-logo
  • viberts-logo
  • b-williams-management
  • kpmg-logo
  • author-interiors
  • Wilkinson Beven
  • BoConcept
  • Ante Vrban
  • Experience Invest
  • Move 2 Gozo
  • Deborah Garth
  • Extex
  • You home
  • Ra Shaw Designs
  • Caudwell Collection
  • eastwood private client
  • accanto-interiors
  • Fritz Hansen
  • capital-rise
  • jarrods-staircase
  • neil-davies-logo
  • Tina Shone Group
  • Taplow riverside
  • Aimo
  • ns-ceramics-logo
  • Rusk
  • Consilium Expert Group
  • Ben Krupinski Builder

Enter your dream destination