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- Dubai residential capital values rose in November 2022
Dubai residential capital values rose in November 2022 according to the ValuStrat Index (VPI).
Compared to October 2022, VPI rose by 0.8%: For villas – by 1.0% For apartments – by 0.5% Compared to November 2021, VPI rose by 13.7%: For villas – by 22.3% For apartments – by 6.9% Areas with the highest annual capital gains: Villas
- Arabian Ranches – 27.5%
- Jumeirah Islands – 26%
- Emirates Hills – 23.6%
Apartments
- Palm Jumeirah – 14.7%
- Burj Khalifa – 11.2%
- JBR – 11.1%
Arada, a leading real estate developer in Sharjah, has awarded two contracts worth $256 million.
—— Contracts were concluded with contractors Pivot Engineering & General Contracting and Intermass Engineering & General Contracting for the construction of 986 new houses in the Masaar project. In November, the developer announced record sales.
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