Growth of Dubai residential capital values

Growth of Dubai residential capital values

  • AX News
  • Growth of Dubai residential capital values and average rent in June

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)
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