Property prices in Dubai fall for first time since COVID-19 pandemic

Dubai's property market has recorded its first monthly price decline since COVID-19 pandemic, as regional conflict and weaker investor confidence are reducing demand, as per a Bloomberg report. Home price index fell 5.9% in March from the previous month, the first decline in valuations since 2020. Residential sales fell nearly 20% month-on-month to 37.2 billion dirhams ($10.1 billion) in March.