According to a recent report, the value of 85% of all established freehold villa communities in Dubai has more than doubled in the last four years.
The most recent data from real estate consultancy ValuStrat shows that prices have also risen above the previous peaks of the previous ten years, with the value of Palm Jumeirah villas nearly doubling since 2014.
According to data from Better homes, Dubai’s real estate market is breaking records, with prices per square foot hitting an all-time high of Dh1,431, representing a substantial 18% year-over-year increase.
The ValuStrat Price Index (VPI) increased by 2.2% every month to 186.1 points, which is equivalent to a 28.8% annual growth rate. Compared to the January 2021 baseline of 100 points, villas received 237.7 points, while apartments received 152.5 points.
The VPI is a valuation-based price index designed to show how capital values and rental values of typical residential and commercial properties fluctuate over time.
Dubai’s residential capital gains are outpacing market expectations, according to the August ValuStart report. According to Betterhomes data, August saw over 15,000 sales transactions valued at Dh38.55 billion, indicating strong demand despite a constrained supply.
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