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November 22, 2016

state of dubai real estate market: top 5 trends



 

DUBAI REAL ESTATE MARKET TRENDS FOR :2016 Dubai apartment market has shown a slight quarterly improvement in values, up 0.1% while the villa market saw values marginally decline by 0.2% 

 The median apartment value in March was AED 14,198 per sq m (AED 1,319 per sq ft) and for villas was AED 14,650 per sq m (AED 1,361 per sq ft) 

 Compared to the previous quarter, three locations saw appreciation in values, Motor City having the highest improvement of 1.5%, while Dubai Production City (formerly known as IMPZ) and The Greens saw an increase of just 0.7% 

With the exception of International City which fell by 1% in value, all other apartment locations witnessed no drop in values 

Villas in Arabian Ranches saw values dip by 0.9%, Jumeirah Islands and The Meadows saw marginal negative changes while all other villa locations monitored by the VPI remained stable