Dubai property prices in first monthly fall this year, report says – The National

Dubai property prices in first monthly fall this year, report says – The National

Dubai property prices fell month on month for the first time this year in June, although they remained more than 10 per cent higher on an annual basis, according to a report by Property Monitor.

Prices declined by 0.31 per cent in June, compared with May, the second time they have fallen in the current cycle, the other time being in November last year, the report said.

The Property Monitor Dynamic Price Index, which tracks residential property price trends throughout 42 communities in Dubai, decreased by 0.45 index points to 142.25, from 142.70 in May.