Estate Agents & Advertisers: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 
Secure Exit Strategy


Dubai property prices climb

Date : (News Section: United Arab Emirates)

Share
Dubai property prices climb
The value of real estate in Dubai increased in June by 1.04 per cent, compared to May, and by 12.87 per cent annually.

Villa sales prices posted the strongest monthly gains, at 1.64 per cent, while apartments climbed in value by just 0.34 per cent in the same period, according to the latest data from REIDIN.

Year-on-year, villas in the emirate have experienced price growth of 21.31 per cent, far outperforming apartments, which have only seen their worth increase by 1.76 per cent over the past 12 months.

However, the cost of renting villas and apartments fell in June, although both asset classes still recorded annual increases in rental values.

Despite the fact leasing a property in Dubai has got more expensive in the past year, monthly costs are still 25 per cent below their peak in the emirate.

Earlier this month, Matthew Green, head of research and consultancy for CBRE in the United Arab Emirates, told Financial Review he does not expect the volume of sales to reach the same level it did at its peak, but added the current trend is for "more investment in good quality assets".
 
Share

Article created on behalf of Propertyshowrooms.com News Desk ()

Related Articles

  1. UAE Cities Named Among Fastest Growing Property Markets
  2. UAE Prices Could Reach Pre-Crisis Levels by 2014
  3. Lack of Data Causing Issues in UAE Market, Say Experts
  4. UAE Property Auctions Could See Investors Grab Bargains
  5. Renting Trumps Buying in UAE, Giving Edge to Investors



Let us search for you Let Us find Property in United Arab Emirates for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in United Arab Emirates.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

USA Income Properties Fully Managed From $22,000
Development Showcase

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: United Arab Emirates
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo