A report by the real estate consulting company “Valuestrat” showed that the real estate price index in Dubai rose by 18.4% on an annual basis in February 2022, amid continued strong demand.
Prices recorded a monthly increase of 1.2% last January, compared to the previous January, according to the report.
The price index rose to 78.1 last January, and the current level is 21.9% lower than the base month (January 2014), which means that prices still have a lot of room to rise .
Villa prices in Dubai increased by 2.1% on a monthly basis, while apartment prices increased by 0.5% last February.
Apartment prices recorded an increase in all apartment locations monitored by the ValueStrat index last February, with the exception of Jumeirah Village, which fell by 1%, while the best annual performance was in Palm Jumeirah by 21.2%, and apartments at Jumeirah Beach Residence rose by 16.3%, then Burj Khalifa. 13.7%.
The report stated that villa prices grew at a constant monthly rate, and some areas witnessed stability in prices last month.
The best areas for villa prices were Jumeirah Islands, whose prices increased year-on-year by 40.7%, then Arabian Ranches 39.4 %, then The Lakes 36.7%, and Palm Jumeirah 34.4%.