Dubai remains top of the chart of the world's best performing markets for seven consecutive quarters, Emirates 24/7 reported.
According to the Global Property Guide, Dubai’s real estate market is the only one in the world that has seen over 140 nationalities investing in it.
Property price increases have, however, decelerated to an average of 23.73% during the year to Q3 2014, down from annual increases of 33.26% in Q2 2014 and 31.57% in Q1 2014. House prices dropped 1.13% during the third quarter, the company said which tracks prices in 39 global cities.
Dubai saw one of the worst housing crashes from Q3 2008 to Q3 2011, with house prices falling by 53%. Then in Q2 2012, Dubai's housing market started to recover and since then Dubai has seen double digit house price increases.