Rising property prices and record transaction volumes
Residential capital values rose in January 2022.
In January 2022, VPI rose by 1.1% compared to December 2021:
For villas – by 2% For apartments – by 0.4%
Compared to January 2021, VPI rose by 17.8%.
Areas with the highest annual capital gains:
Villas
Jumeirah Islands – 39.1%
Arabian Ranches – 38.5%
The Lakes – 36.3%
Apartments
Palm Jumeirah – 20.9%
JBR – 17.1%
Burj Khalifa – 12.1%
The highest results of property transactions in 2021
- 84,238 transactions worth $7.1 billion
- Volume of transactions rose by 30.7%
- Value rose by 64.9%
The highest value of transactions in 2021 was registered in February – $953 million.
Sources: ValuStrat, Gulf News
News
More About Real Estate
