Villas and townhouses showed greater resilience (a drop of about 10-12%), while apartments fell in price by 15-20%, depending on the area.
According to experts, the market has already begun to stabilize, and prices have been holding at the reached levels for about a month without further sharp decline. This is seen as a sign that long-term buyers remain confident.
Properties with a discount of about 20% are sold out very quickly, as investors consider them to be an extremely profitable deal.
Despite the drop in prices compared to the previous month, the annual figures still remain positive. For example, villa prices increased by about 12% compared to April 2025.
Most analysts agreed that the market was not facing a crash, but a price correction after six years of growth. Many experts call this a window of opportunity for the buyer: 10-15% discounts have become commonplace, which has not been the case for several years.
Source: Arabian Business
