January 13, 2009
Colliers International have just released their “Dubai Q4 House Price Index for Dubai. According to the HPI, “the house prices in the emirate dropped by an average of 8% between October 2008 and December 2008. Despite this drop in prices the index indicates a year-on-year price growth of 59% between Q4 2007 and Q4 2008.” The index shows that the overall average price level is back down to Q2 2008 levels. Colliers says the index “will help investors benchmark investment values over a period of time.”
More on Dubai Property Prices Fall Massively – But Colliers International says “just a little”
