Dubai residential capital values rose

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

Compared to December 2022, VPI rose by 0.7%: For villas – by 1.0% For apartments – by 0.5% Compared to December 2021, VPI rose by 12.7%: For villas – by 20.5% For apartments – by 6.5% Areas with the highest annual capital gains: Villas

• Arabian Ranches – 25.4%
• Jumeirah Islands – 24.4%
• Emirates Hills – 22.3%

Apartments

• Palm Jumeirah – 14.5%
• JBR – 11.4%
• Burj Khalifa – 10.3%

Dubai ultra-prime home sales hit a new record in 2022.

According to the consulting group, Knight Frank, in 2022 were sold: – 219 homes with $10 million plus price tag. This is 135% more than the record-breaking 2021 The biggest deal of 2022 is a villa on Palm Jumeirah.