Growth of Dubai residential capital values and a contract of building the townhouse

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

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

• For villas –by 1.8%
• For apartments –by 1.1%

Compared to May 2021:

• For villas – by 33.4%
• For apartments – by 18.6%

Areas with the highest annual capital gains: Villas

• Arabian Ranches – 40%
• Jumeirah Islands – 38.3%
• The Lakes – 35.7%

Apartments

• Palm Jumeirah – 20%
• Burj Khalifa – 18%

Damac Properties has signed a contract to build the Costa Brava townhouse collection in the Damac Lagoons project

With construction company, Pivot. Cost – $168 million Number of townhouses – 976 For owners:

• Ziplining
• Rock-climbing
• Kayaking, etc.

Earlier Damac announced the start of sales of villas and townhouses, Malta and Venice, in Lagoons project