Emirates 24/7 reported that the highest increase on an annual basis was recorded in International City, where prices rose by 28.8%. Business Bay was next with a 26.2% increase, followed by Dubai International Financial Centre 20.1%, Dubai Marina 15.9% and Jumeirah Lakes Towers (JLT) 15.8 %.
The report disclosed that the percentage change in property prices over the last three months (June to August) indicated a declining trend across major locations.
The highest decline in the three month period in Jumeirah Park. The master development saw prices falling by 3.5%. Greens saw a decline of 3.1%, Springs/Meadows fell 3.4 %, Arabian Ranches dropped 3.3% and Jumeirah Village slipped 2.6%, Dubai Marina declined 0.2 % and JLT fell 0.9 %.
Jumeirah Beach Residence reported the highest gain in the June-August period, which saw prices rising by 3.2 %. Annually, the increase was 15.2 %.