dubai house prices flat in q1
Last Updated : GMT 10:30:04
Arab Today, arab today
Arab Today, arab today

Dubai house prices flat in Q1

Arab Today, arab today

Arab Today, arab today Dubai house prices flat in Q1

Dubai - Arabstoday

House prices in Dubai were flat in the first quarter of 2012, according to the Knight Frank Global House Price Index released on Saturday. Average prices were unchanged from the fourth quarter of 2011, and were 0.3 percent down on the the last six months. Knight Frank\'s index also showed that house prices in the emirate had fallen 1.1 percent on the year-earlier period, placing the city 29th on the list of 53 real estate markets worldwide. Brazil was the top global performer over the past year, the index showed, with a 23.5 percent increase in prices since Q1 2011. Estonia, India and Austria also posted double digit price rises in the same period, Knight Frank added. At the other end of the index, Ireland was named the worst performing real estate market over the past year with a 16.3 percent price drop. Greece and Portugal completed the bottom three as the euro zone crisis continued to weigh heavily on property sectors. Global house prices were static in the first three months of 2012 but it is the first time since Q4 2009 that annual price growth slipped below one percent, Knight Frank said. The weakening sentiment was due to the euro zone’s malaise, the IMF’s decision to revise its GDP forecasts downwards and a concern that the global economic recovery is struggling to gain any real traction. Knight Frank added that the next three to six months will be critical for global housing markets. \"If discontent in Spain and Greece can be appeased and France and Germany agree on a firm path of growth-promoting policies, the crisis could ease.  Either way, it will be 2013 and possibly the latter half – before the index starts to strengthen,\" it said. In April, Jones Lang LaSalle said residential property prices in Dubai had bottomed out, reaching prices not seen since early 2008. Villa sales increased three percent in the first quarter of 2012, compared to a peak in the third quarter of 2008, but prices still remain 25 percent lower, the firm said in its quarterly Dubai real estate market overview, which sourced data from REIDIN. It said apartment sales in the emirate also started to stablise in the first three months of the year, but prices remained low, down 34 percent compared to 3Q 2008. From / Arabian Business

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubai house prices flat in q1 dubai house prices flat in q1

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubai house prices flat in q1 dubai house prices flat in q1

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday