logo
迪拜 icon
icon 迪拜 icon
新闻与资讯
Strong Demand Cushions Dubai Real Estate Market Against Flood Impact
Strong Demand Cushions Dubai Real Estate Market Against Flood Impact 迪拜
By   Internet
  • 都市报
  • Dubai Property Prices
  • Villa Market
  • Property Valuation
  • Rental Growth
Abstract: Despite record-breaking rainfall in April causing flooding, Dubai's housing market saw stable property valuations in May. According to the ValuStrat Price Index (VPI), robust demand mitigated the impact of floods on residential capital values, with both villas and apartments continuing to appreciate, showcasing the market's resilience.

Analysts at ValuStrat highlighted stable monthly growth in villa capital values, with apartment valuations accelerating slightly from April. The VPI for May recorded 174.4 points, reflecting a year-on-year growth rate of 27.2% and a monthly increase of 2.1%. The index stood at 221.2 points for villas and 144 points for apartments, with a baseline set at 100 points in January 2021.


According to data from CBRE MENA, the UAE residential sector showed strong growth in the first quarter of 2024. In Dubai, housing sales prices and rental rates increased by approximately 21%. CBRE's first-quarter assessment report indicated that Abu Dhabi saw average sales prices rise by 7.0% and rental rates by 4.0% during the same period.


Knight Frank data indicated that as of 2024, the average property price in Dubai is 3.3 million dirhams. Property costs vary significantly based on type, size, location, and amenities. Older apartments in remote areas sell for around 400,000 dirhams, mid-range villas in suburban communities average between 2 to 3 million dirhams, while prices for luxury top-floor apartments or beachfront mansions can easily exceed 50 million dirhams.


Strong Demand Cushions Dubai Real Estate Market Against Flood Impact

khaleejtimes.com


The ValuStrat Price Index report highlighted that most mature villa communities in Dubai have exceeded peak capital values since 2024. This month, Jumeirah Palm Island became the first apartment area to achieve this level. Apartment prices rose by 1.8% month-on-month, up 0.2 percentage points from April, marking a 22.4% annual increase.


Compared to last year, the highest-performing areas in apartment capital gains included Discovery Gardens (34%), Greens (32.6%), Jumeirah Palm Island (30.9%), Al Quoz Fourth (29.1%), and The Views (28.1%). Villa capital gains were at 2.4%, down from 32.5% year-on-year. The best-performing villa communities this year included Jumeirah Palm Island (41.7%), Jumeirah Islands (41.1%), Dubai Hills Estate (37.5%), Al Barari (32.5%), and Lakes (32.1%), among others.


Contracts registered for off-plan residences saw a year-on-year increase of 76.3% and a month-on-month increase of 41.6%, reaching a record monthly high with transactions exceeding 10,000, constituting 69.4% of all residential sales. Meanwhile, transactions for ready-to-move-in homes increased by 8.1% since last year and by 45.9% since April.


In the luxury residential sector, 16 transactions exceeded 30 million dirhams, located in Jumeirah Palm Island, Dubai Harbour, Jumeirah Bay Island, Al Barari, and District One. In May, Emaar (16.6%), Azizi (8.5%), Sobha (8.2%), Damac (7.9%), and Nakheel (3.6%) topped the developer sales ranking.


Top-performing off-plan projects included Jumeirah Village Circle (10%), Ras Al Khor (9.5%), Meydan One (9.4%), and Dubai Hills Estate (7.7%). Meanwhile, most ready-to-move-in homes were sold in Jumeirah Village Circle (8.3%), Business Bay (6.6%), Dubai Harbour (5.9%), Downtown Dubai (5.3%), and Jumeirah Lake Towers (3.9%). Discovery Gardens and Dubai Hills Estate saw record off-plan transaction volumes within a month.

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
Strong Demand Cushions Dubai Real Estate Market Against Flood Impact
icon 复制链接
icon WhatsApp
icon Facebook
icon Twitter