Over the past few months, I have developed a particular distaste for the analyst community over their clustering of opinions around the critical issue of measurement of Dubai property prices. This is an issue that deserves critical oversight, and it is imperative that there be a proper framing of the root causes at play here.
House price indices serve as the most important market monitoring tool for assessing the health and efficiency of real estate markets. These indices are used for the valuation of portfolios and loans, as well as assessing the affordability and investment viability of markets. This way, they serve as a critical variable that is widely reported.
