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- Residential capital values rise according to the VPI
Dubai residential capital values rose in October 2022 according to the ValuStrat Index (VPI).
Compared to September 2022, VPI rose by 0.9%: For villas – by 1.2% For apartments – by 0.6% Compared to October 2021, VPI rose by 14.6%: For villas – by 26.2% For apartments – by 7.2% Areas with the highest annual capital gains: Villas
- Arabian Ranches
- Jumeirah Islands
- Meadows
Apartments
- Palm Jumeirah
- Burj Khalifa
- JBR
Average rent in October rose by 27.3% from October 2021:
- Apartments – by 27.5%
- Villas – by 25.7%
According to global commercial real estate services, CBRE. In October 2022 average rental prices:
- Apartments – $25,000
- Villas – $74,500
Leading areas in terms of average rental price:
- Apartments – Palm Jumeirah ($66,000)
- Villas – Al Barari ($260,300)
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