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Covid: Dubai house prices to drop at slower pace Reuters/Dubai (Dubai Media Office file) The risk was low that a resurgence in Covid-19 would derail the housing market. Dubai s house prices are expected to fall at a slower pace this year and next than previously thought as hopes for a successful vaccine rollout and an economic recovery boost confidence in the sector, a Reuters poll showed. After declining 3.5 per cent in the first quarter of 2020, Dubai property prices have shown signs of stabilising. They fell by a much slower 0.9 per cent year-on-year in the third quarter after barely changing in second quarter, United Arab Emirates central bank data found. ....