Rental Declines for Dubai Homes in the Second Quarter of 2018

  • August 19, 2018

There continues to be a decline in villas rental rates and sales prices in Dubai, according to a new report released by Asteco, a UAE property services company. According to its Dubai Real Estate Report Q2 2018, villa and apartment prices fell by 4% over the quarter, with an annual drop of 11%.

The decline in apartment sales was most prominent in Dubai International Financial Centre (DIFC), Discovery Gardens and Dubai Sports City, which registered a 6% fall since Q1 2018. Meanwhile, the highest quarterly drops in villa sales prices were in Jumeirah Park (8%), Arabian Ranches (5%) and The Springs (5%).