Tag Archives: Real estate bubble

Home Price Growth Slows in Dubai

Luxury home prices in Dubai increased by the slowest pace in more than a year in the last quarter of 2013, amid a “flurry” of cooling measures introduced in the final months of 2013, according to a new report.

In the last quarter, both prime apartment and villa prices increased 15 percent year-over-year, seen as a slowdown when compared to the average growth rate of 21 percent recorded in the previous four quarters, property consulting firm Knight Frank said in a report.

After home prices in Dubai increased at a rapid pace last year, cooling measures were introduced due to fears of a reemerging housing market bubble.
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