logo
迪拜 icon
icon 迪拜 icon
新闻与资讯
Dubai Real Estate Market Shows Strong Growth Momentum in September 2023
Dubai Real Estate Market Shows Strong Growth Momentum in September 2023 迪拜
By   Internet
  • 都市报
  • Dubai property market
  • Dubai real estate
  • Dubai
Abstract: The Dubai real estate market has shown strong growth in September 2023, with both apartment and villa markets on the rise. Existing property transactions have increased, and investment returns have reached historic highs.

According to the latest data, the Dubai real estate market exhibited unprecedented growth in September 2023, continuing to capture the attention of global investors.


A report released by Valustrat indicates that the monthly capital yield for the apartment sub-market reached 1.6%, with an annual growth rate hitting an all-time high of 11%, signifying a rapid recovery in the real estate market.


The Price Index for September 2023 (VPI) data shows a consistent upward trend in Dubai's property market. The VPI increased by 2.1% monthly and reached a year-over-year growth of 15.1%, with an overall index score of 96.6.


The apartment price index stands at 79.7, while the villa price index is as high as 123.6. Compared to the peak price index of 100 in January 2014, the apartment price index has dropped by an average of 29.2%, indicating that it's currently a very profitable time to buy.


In addition to high-end properties, mid-range affordable properties have also seen an uptick in valuation. This suggests that the real estate market's growth is not limited to luxury residences, and more people can afford to purchase homes.

Dubai Real Estate Market Shows Strong Growth Momentum in September 2023

Meanwhile, Dubai's existing property transaction volumes have also shown a rapid increase, which is a positive sign.


However, residential sales volumes have decreased by 29.7% monthly and 10.9% annually. Off-plan transaction volumes have also declined, with a monthly drop of 55.7% and an annual decrease of 37.5%.


Nevertheless, existing property transaction volumes have increased by 15.5% monthly and 24.4% annually. This indicates that the growth in the Dubai real estate market primarily comes from existing property transactions, as investors prefer to buy ready-made properties.


In the apartment market, notable performers include Jumeirah Palm Island, Greens, Discovery Gardens, Motor City, and Jumeirah Beach Apartments, with annual growth rates of 20%, 17.8%, 17.1%, 15.2%, and 11.6%, respectively.


In the villa market, Jumeirah Islands, Dubai Hills Estate, Jumeirah Palm Island, and UAE Hills stand out, with annual growth rates of 26.3%, 24.4%, 24.2%, and 21.8%, respectively.


Dubai, as an international city, has been considered a safe haven by global investors due to its stability, transparency, and long-term visa options linked to real estate. This trend is expected to continue, attracting more investors to the Dubai real estate market.


In summary, the Dubai real estate market exhibited strong growth in September 2023, with property prices and investment returns on the rise.


However, it's worth noting that there are still some challenges in the market, such as the decline in residential sales volumes and off-plan transaction decreases. In this context, the Dubai government may need to continue introducing measures to attract more homebuyers and investors to ensure the sustainable development of the real estate market.

留言
icon
请输入您的国籍
+87
不能为空
电子邮件地址无效 电子邮件地址未验证!
icon
欢迎访问 House.com
登录或注册以充分利用您的体验。这也将增加您与经纪人交流的机会。
请输入有效的电子邮件地址。
继续使用 Google
提交即表示我接受House.com的   使用条款
icon icon
验证您的电子邮件
你好 我们刚刚将验证码发送到您的电子邮件中。请检查并在此处输入验证码以继续登录。
验证码错误
没有收到电子邮件?请检查您的垃圾邮件文件夹
icon
banner
Dubai Real Estate Market Shows Strong Growth Momentum in September 2023
icon 复制链接
icon WhatsApp
icon Facebook
icon Twitter