Rising property prices and the launch of Falcon Island

Real estate prices increased by 10.7% in February 2022 compared to February 2021.

The average prices: For apartments increased by 9.1% For villas increased by 21% According to global commercial real estate services, CBRE. Top areas in terms of monthly price growth: Apartments The Green Community – 3% Jebel Ali – 2.8% Dubai Festival City – 2.7% Villas Jumeirah Village Circle – 3% Palm Jumeirah – 2.9% Areas with the highest prices per m²: Apartments – Downtown Dubai – $5,750 Villas – Palm Jumeirah – $8,132

Al Hamra announced the launch of the $272 million Falcon Island project in Ras Al Khaimah.

Al Hamra Village The first phase includes 240 villas with 2-7 bedrooms, private beaches, gardens and pools. Areas: from 120m² to 650m² Prices: from $326,700 Sources: The National News, Arabian Business