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Date: 07/09/2010
Dubai Apartment & Villa Prices Slash Again

The Dubai-based real estate data organization,, has mentioned that Dubai is still experiencing decline in the property prices, with those of apartments dipping by 2.25% in July as against the data showcased during June this year.

The villa prices have also decreased by 1.19% while the all-residential sales price index of has been registered at a value which is 0.85% less when compared to the value registered during similar period. The main index of the firm had slipped by 0.35% in June 2010, while in May, it had experienced a dip of about 1.23%.

But, on a YOY-basis, the all-residential index of has improved showcasing an increment of 1.33% in July 2010.

According to the quarterly results, the apartment price index has slashed by 5.23% as against the values registered during similar period in 2009, while the villa index has gained value by 6.99%.

Apartments and villas falling into the category of 101-150 square metre have registered a very minimal decline of 0.99%, while holding on to theri best price tags. revealed its property index by joining hands with the Dubai’s Real Estate Regulatory Authority (RERA) in 2010. The data are gathered from various sources, which covers transactions of some specific communities and places located across Dubai.

The data are gathered from the seven citywide indices and a total of 19 district and project-based indices, including Business Bay, Downtown, Dubai Marina, Jumeirah Beach Residence, and The Greens.