UAE house price going down..

The United Arab Emirates inflation eased to 1.6 percent on an annual basis in January and fell 0.3 percent on the month mainly due to lower housing and food costs, data from the National Bureau of Statistics showed on Sunday.

Analysts expected prices in the world's third largest oil exporter to pick up gradually this year as the Gulf country recovers from Dubai debt woes.

Prices for UAE property came down again in the last quarter at an average of 4 per cent, with villas performing the strongest, according to Colliers International House Price Index, suggesting a trend for the remainder of the year.