According to Colliers International’s House Price Index, there has been a 7% increase in the value of residential properties in Dubai between July and September, the first increase since the market fell. Property prices in Dubai returned to approximately the same level as those recorded in second quarter 2007 in September.
Apartment prices increased by 6% quarter on quarter, villa prices increased by 9% and townhouse prices increased by 7% compared to the second quarter.The overall volume of market transactions increased by 64% during the third quarter compared to the previous …

Real estate analysts and buyers urging that Property developers in the UAE should provide investors “an affordable exit route to ward off distress sales” that could further rock the depressed market. With the real estate sector facing a sudden slump in the backdrop of a sweeping global financial turmoil, it is imperative that developers as well as authorities should take a series of measures to restore investor confidence, analysts further added.
A leading banker, who wanted to remain unidentified, said a possible initiative from the government which could restore confidence and …