Residential capital values rise, Dubai, ValuStrat Index

Dubai residential capital values rose in October 2022 according to the ValuStrat Index (VPI).

Compared to September 2022, VPI rose by 0.9%: For villas – by 1.2% For apartments – by 0.6% Compared to October 2021, VPI rose by 14.6%: For villas – by 26.2% For apartments – by 7.2% Areas with the highest annual capital gains: Villas

• Arabian Ranches
• Jumeirah Islands
• Meadows

Apartments

• Palm Jumeirah
• Burj Khalifa
• JBR

Average rent in October rose by 27.3% from October 2021:

• Apartments – by 27.5%
• Villas – by 25.7%

According to global commercial real estate services, CBRE. In October 2022 average rental prices:

• Apartments – $25,000
• Villas – $74,500

Leading areas in terms of average rental price:

• Apartments – Palm Jumeirah ($66,000)
• Villas – Al Barari ($260,300)