Dubai sees first quarterly property price rises for seven years

Dubai sees first quarterly property price rises for seven years

Average quarterly residential property prices in Dubai rose for the first time in seven years in the first three months of 2021, according to new data released by real estate consultants ValuStrat.

The ValuStrat Price Index (VPI) showed an average quarterly improvement of 0.8 percent, as the first three months of the year saw accelerated positive trends for the first time since 2014.

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All established freehold villa locations monitored by the VPI saw capital values improve since the previous quarter, ranging from 1.8 percent to 5.4 percent.

However, only half of apartment locations improved in value with some areas seeing 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 and Palm Jumeirah.

Citywide, residential capital values were 10.9 percent lower than the same period last year.

We present the best performing prime properties in the emirate, based on sales volume and residential transactions

“A positive trend which commenced in