Dubai property prices and rents: Where they rose and fell in April 2023 – The National

Dubai property prices and rents: Where they rose and fell in April 2023 – The National

Property prices in Dubai increased by an average of 14.5 per cent annually in April as sales of residential units continued to rise, driven by the off-plan market.

Average apartment prices rose by 14.5 per cent to Dh1,256 ($342) per square foot and average villa prices by 14.9 per cent to Dh1,484 per square foot in the year to April, property consultancy CBRE said in its latest Dubai Residential Market Snapshot report.

Sales rates also rose on a monthly basis, with apartment rates up 1.8 per cent and villa rates growing 2 per cent, it said.