Dubai property trends: Q1 shows record sales over improved investor confidence

SectorReal Estate

The Dubai real-estate market recorded a high number of home and office sales transactions in the first quarter of 2021, according to a report by ValuStrat.

“A positive trend which commenced [during the] 2nd half of 2019, cut short by the COVID-19 restrictions last year, appears to have now re-emerged with improved investor confidence boosting demand, with a record number of title deeds registered and price growth currently evident in some sectors and locations,” the report said.

The valuation-based index tracks change in capital values for a representative fixed basket of properties.

All established freehold villa locations monitored by the VPI saw capital values improve since the last quarter, ranging from 1.8 percent to 5.4 percent, the report said. However, only half of apartment locations improved in value, some areas saw declines of up to 2.8 percent. On an annual basis, all locations witnessed price drops, some in single digits.

“Best performing freehold areas were International City, Arabian Ranches, The Meadows, The Lakes more...