Dubai villa prices are back on the rise after years of decline

Arabian Ranches, The Lakes, Palm Jumeirah, and Jumeirah Islands were among the communities that registered small increases in prices last month.

The overall Dubai property market displayed monthly stability, with an average fall in values of just 0.2% compared to October, the lowest rate of decline in three years.

It added that, annually, transactions for off-plan homes dropped 51.5%, but ready homes improved 18.1%. However, given the high demand due to record low prices per square foot, villas demonstrated higher resilience when compared to apartments.

Most villa freehold locations saw prices stabilize this month, and, in some areas, registered minor increases in capital values. Examples included Arabian Ranches, The Lakes, Palm Jumeirah, and Jumeirah Islands.

Top off-plan locations transacted during November were in Jumeirah Village, Tilal Al Ghaf, Business Bay and Downtown Dubai.

Most transacted ready homes were located in Dubai Marina, Jumeirah Village, Business Bay, Palm Jumeirah and Town Square.

Source: Arabian Business

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