Growth of Dubai residential capital values

Dubai residential capital values rose in June 2022 according to the ValuStrat Index (VPI)

In June 2022, VPI increased by 1.1% compared to May 2021:

• For villas – by 1.7%
• For apartments – by 0.5%

Compared to June 2021:

• For villas – by 32.2%
• For apartments – by 8%

Areas with the highest annual capital gains: Villas

• Arabian Ranches – 38.8%
• Jumeirah Islands – 36.6%
• The Lakes – 34%

Apartments

• Palm Jumeirah – 19.6%
• Burj Khalifa – 18.1%
• JBR – 14.8%

Average rent in June increased by 21.7% from June 2021

Apartments – by 21.2% Villas – by 24.7% This is the steepest increase since October 2014. According to global commercial real estate services, CBRE. In June 2022 average rental prices:

• Apartments – $23,221
• Villas – $69,500

Leading areas in terms of average rental price:

• Apartments – Palm Jumeirah ($59,500)
• Villas – Al Barari ($242,000)