Dubai residential capital values rose

Dubai residential capital values rose

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  • Dubai residential capital values rose in November 2023

Dubai residential capital values rose in November 2023 according to the ValuStrat Index (VPI)

Dubai villa market has exceeded market peaks of 2014 over 50%

Compared to October 2023, VPI increased by 2.2%:

– For Villas rose by 2.5%

– For Apartments rose by 1.9%

Compared to November 2022, VPI increased by 18.4%:

– For Villas rose by 23.3%

– For Apartments rose by 14.1%

Areas with the highest annual capital gains:


Jumeirah Islands – 30.4%

Palm Jumeirah – 29.4%

Dubai Hills Estate – 29.2%


Discovery Gardens – 24.3%

Palm Jumeirah – 23.9%

The Greens – 22.2%

Rental prices continued to rise in November 2023

– According to the commercial real estate services company, CBRE.

Average annual rents increased by 19.2% from November 2022:

Apartments rose by 19.6%

Villas rose by 16.6%

In November 2023, the average annual rental prices are:

Apartments – $30,000

Villas – $88,000

Leading areas in terms of the highest rental prices:

Apartments – Palm Jumeirah ($70,000)

Villas – Al Barari ($313,000)

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