These are strange times for anyone involved in the Dubai property market. And anyone living in the emirate, by virtue of either renting or buying, is involved. We all agree prices are falling — but how fast?

As every expert I speak to tells me, it’s all about “location, location, location.” So let’s look at a few locations, starting with the Palm Jumeirah. Apartment sale prices there along the coveted Shoreline (based on current listed prices) are generally down around 20 percent against 18 months ago. Assuming the drop is the same on actual transaction prices, that’s a hefty fall. Downtown Dubai, which we are constantly being told is immune, is also experiencing falls. Some parts of the developments are 10 percent down over the same period. Dubai Marina sale prices — again, I’m ...


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