Mo’asher – November Publication
Dubai Sales House Price Index increased by 1.4% in November 2019 and reached 1.134 points compared to 1.121 points in October 2019; this increase is driven by a set of initiatives and incentives that motivated real estate investments and is shaping the future of the real estate sector for the coming few years.
The overall performance of the index reflects Dubai’s economic cycle and shows the responses of the real estate market to the different economic conditions. In 2014, after Dubai won the bid to host Expo 2020, the real estate market reached the peak in the index value, with the highest value in October 2014 by 1.58 points. This could have been driven by investors who had an optimistic outlook and expected to benefit from competitive rental yields.