Dubai apartment and villa sales prices rise amid a broader economic recovery

Dubai apartment and villa sales prices rise amid a broader economic recovery

The prices of apartments and villas in Dubai rose in the first quarter, indicating a broader recovery in the property market as the economy rebounds from the coronavirus pandemic, according to a new report from Asteco.

Apartment prices in the emirate increased 3 per cent on a quarterly basis, while prices of villas jumped 6 per cent during the period, the report said. On an annual basis, prices dropped 2 per cent but villa prices increased 3 per cent.

“The villa segment witnessed a marked increase [in demand],” Asteco said.