Dubai house prices are accelerating! Has fallen back to the 2008 level!

Dubai is the economic and financial center of the Middle East. It is also the main transportation hub for passengers and goods in the Middle East. Oil revenues have contributed to the early development of Dubai, which accounts for less than 5% of Dubai's gross national product. After the oil, Dubai's economy relies mainly on tourism, aviation, real estate and financial services.

The data shows that the average price of detached houses and townhouses in Dubai is currently $1,197,900, and the average price of apartments is relatively stable, roughly around $462,800. Compared with September 2015, the average price of detached houses and townhouses in Dubai has dropped by 21.4%, and apartment prices have fallen by 22.4%.

To be precise, the average house price in Dubai is now accelerating and has returned to the level of the August 2008 international financial crisis.
Do you dare to buy a house?

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