Rising property prices and record transaction volumes

Residential capital values rose in January 2022.

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

According to the Sharjah Real Estate Registration Department, the Emirate has recorded the highest results of property transactions in 2021:

• 84,238 transactions worth $7.1 billion

Compared to 2020:

• Volume of transactions rose by 30.7%
• Value rose by 64.9%

This is a record value of transactions since 2008. The highest value of transactions in 2021 was registered in February – $953 million. Sources: ValuStrat, Gulf News