The first ever real time guide to property prices in Dubai has been launched, in a joint venture between Arabian Business and Better Homes.
The Dubai Property Index features live prices based on up to the minute data from the region’s biggest estate agent Better Homes, with the prices – for both sales and rentals – reflecting actual transactions.
The index launched today features seven key areas of the emirate - Downtown Dubai, Dubai Investment Park, Dubai Marina, Jumeirah Lake Towers, Jumeriah Village circle, The Greens and The Palm Jumeirah.
The latest prices are shown for all types of properties available in those areas, including the latest monthly changes.
Better Homes CEO Ryan Mahoney said: “This is the first time that anyone in Dubai – whether buying or renting - can get an accurate, up to the minute guide, or prices in the key areas of the emirate. Nothing else is as close to real time prices. Over the coming months, we will be hoping to roll this out across other areas of Dubai, and then eventually other cities.”
Shane McGinley, Executive Editor of Arabian Business added: “So far anyone trying to find out true property prices has had to make a judgment based on listed prices, which as we all know can be very different to the real prices. This data from Better Homes reflects what people are actually paying rather than what landlords and sellers are asking – right now, we are confident there is no better guide to prices in the market.”