Residential real estate prices in Dubai fall in July as real estate sector stays in doldrums

[Nicholas Wallwork]

Apartment and villa prices in Dubai fell in July amid growing concern in the real estate industry that the property market is showing few signs of recovery.

The latest figures from the REIDN Sales Price index which tracks price fluctuations in the residential real estate market shows an overall average decrease of 0.85%. But villa prices fell 1.19% and apartment prices were down 2.25%, compared with June.

Click Here to Read The Full Story and Add your Own Comments to Residential real estate prices in Dubai fall in July as real estate sector stays in doldrums