Increase in prices for residential property in Dubai and opening of 166-room hotel

In Q1 2022 prices for the purchase and rental of residential property in Dubai increased compared to Q1 2021

Purchase prices: Villas – by 40% Apartments – by 22% Rental prices: Villas – by 25% Apartments – by 14% According to the consulting agency, Asteco. Areas leading in the growth of purchasing prices: Apartments Palm Jumeirah – by 50% JBR – by 35% Villas Jumeirah Park – by 63% Palm Jumeirah – by 56% Areas leading in the growth of villa rental prices: Dubai Hills Estate – by 48% Arabian Ranches – by 47%

The most expensive villa in Dubai Hills was sold for $34.8 million

Dubai Hills Grove Plot area – 3,950m² House area – 3,169m² Benefits:

• 7 Ensuite bedrooms
• Rooftop swimming pool
• SPA

Swiss hospitality chain, Mövenpick Hotels & Resorts, has announced the opening of 166-room hotel in Dubai

Jumeirah Village Triangle Features: water park, swimming pools, kids club and panoramic views of the Dubai Skyline. Sources: Zawya, Khaleej Times