Dubai villa prices in prime locations double in three years
[ad_1]
According to recent data, villa prices in sought-after areas of Dubai have more than doubled in the past three years, while apartment prices have increased by just over a third on average.
He ValuStrat Price Index (VPI) for February recorded a significant increase, with villas reaching 206.1 points and apartments reaching 136.6 points, compared to the base of 100 points established in January 2021. The VPI reflects changes in the capital and rental values of residential properties and typical commercials in Dubai, updated monthly. for capital values and quarterly for rental values.
In the emirate, apartment prices increased by 1.9% month-on-month and a record 18.6% year-on-year. The highest annual capital growth for apartments was seen in Discovery Gardens (30.7%), The Greens (27.9%), Palm Jumeirah (27.4%), Town Square (23%) and Dubai Production City (22 .9%).
Meanwhile, the capital gain of the villas increased by 2.4% compared to January and 28% year-on-year. The best annual results for villas were in sought-after areas such as Jumeirah Islands (36.1%), Palm Jumeirah (35.1%), Dubai Hills Estate (33.6%) and Mudon (29.6%).
Off-plan Oqood (contract) registrations increased by 32.6% annually and 5.7% monthly. Ready home transaction volumes increased 30.5% year over year and 9% month over month, representing 36.9% of total residential sales for the month.
In February, there were 20 ready property transactions priced over Dh30 million, located in Emirates Hills, Palm Jumeirah, District One, Jumeirah Bay Island and Dubai Hills Estate.
At the top of the sales charts this month are the real estate properties of Emaar (13.3 percent), Damac (9.9 percent), Danube (7.6 percent) and Sobha (5.7 percent). hundred). The top off-plan locations negotiated included projects located in Jumeirah Village Circle (11.8 percent), Dubai Maritime City (11.4 percent), Business Bay (6.4 percent) and Bu Kadra (4.5 percent ). Most of the ready houses sold were in Jumeirah Village Circle (9 percent), Business Bay (7.2 percent), Dubai Marina (5.9 percent), Downtown Dubai (5.8 percent) and Dubai Hills Estate (5.1 percent).
News Source: Khaleej Times. All rights reserved
[ad_2]
