Dubai’s Villa Prices Expected to Reach Highest Point Since 2014

Dubai’s residential prices rose 18.8% year over year in the first quarter, led by a 34.1% surge in the villa segment, according to the latest data released by ValuStrat, an international consulting group. Apartment prices across the city were up 8.4% from a year ago. Haider Tuaima, director and head of Real Estate Research at ValuStrat, said the outlook for both segments for the rest of 2022 is positive, and villa prices are expected to surpass the peak levels recorded in January 2014. In March, the number of home sales in Dubai increased 146.6% compared to the same period last year, according to ValuStrat.