A new report reveals that 85% of established freehold villa communities in Dubai have seen their values more than double over the past four years. Data from real estate consultancy ValuStrat also indicates that prices have exceeded previous decade highs, with Palm Jumeirah villas nearly doubling in value since 2014.
Dubai’s real estate market is breaking new records, with the price per square foot hitting an unprecedented Dh1,431, marking a notable 18% rise compared to the previous year.
The ValuStrat Price Index (VPI) increased by 2.2% month-on-month, reaching 186.1 points, reflecting a 28.8% annual rise. Villas registered 237.7 points, while apartments recorded 152.5 points, both benchmarked against the January 2021 baseline of 100 points.
