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Now here is the official sales price index for September 2022 according to Property Monitor.
Dubai real estate prices increased by little more than 2% in September after the post-pandemic high pace of price appreciation slowed down during the previous year. According to the Property Monitor Dynamic Price Index (DPI), the value of a home currently stands at AED 1,047 per square foot, a level last seen in April 2018 when the market was going through a protracted decline.
Year-to-date sales eclipse 2021 totals as the market powers on and prices surge. New high-end and luxury
At an emirate-wide level, the index value for September 2022 increased by 2.95 index points to 146.12 from
In September 2022, property prices stood at AED 1,047 per sq ft, down 15.2% from the market peak in September 2014 and are 33.3% above the market trough of April 2009. Property prices were last at these levels during the recovery phase of the previous market cycle between October and November 2013.