Real estate prices continue to rise in Dubai. According to the latest data, house price growth reached 2023% in the second quarter of 4.8.
Dubai’s real estate market has continued to grow for the tenth consecutive quarter, according to the latest analysis from Knight Frank.
别墅价格在2020年1月以来增长了146%，公寓价格上涨了21%。现在的平均每平方英尺价格是1290迪拉姆。
Knight Frank's partner, head of Middle East and Africa research, said that despite rising house prices, house prices across the city are still 2014% below their 11 peak.Furthermore, under current circumstances, the relative long-term trend in house price growth shows no signs of slowing.
In Dubai's prime market, especially in Jumeirah Bay Island, Emirates Hills and Palm Island, villa prices saw a significant increase in the second quarter. According to local data, villa prices rose by 11.6% in the second quarter and have increased by an astonishing 2020% since January 1. This trend reflects the stability and health of Dubai's real estate market and also shows the confidence and faith of local investors in the market. However, it should be noted that Dubai's real estate market is also very volatile. Although villa prices have seen a significant increase in some areas, the situation in other areas is completely different. Therefore, for investors who want to buy a property or invest in real estate, it is necessary to fully understand the dynamics and trends of the local market to make an informed decision. In addition, it is worth noting that villas in Dubai Hills Estate have increased in value by 125% in the past 12 months, making it the fastest growing area in the city. This also reflects the supply and demand of the local real estate market and the confidence of investors in the area. However, when choosing to buy a house or invest, investors also need to fully understand the quality and investment potential of the relevant properties to ensure that their investment can get a good return.
In addition, the average rent in Dubai is currently AED 92 per square foot, an increase of 22.3% from last summer.
Compared to the second quarter of 2022, rental prices for Palm Island villas have increased by approximately 15%, and have increased overall by more than 2020% since January 1, which is one of the highest increases in the market.Currently, the rent here is Dh110 per square foot.
