Dubai Land Prices Up 13% – Research

Monday, 17th July 2017
Land prices in freehold areas of Dubai increase by 13% in the first six months of 2017, Invest-Gate reports.
Returns on land transactional activity have outperformed those on Dubai residential units by more than 50% over the last 14 years, according to data from Reidin-GCP.
Although land transactions have been “steadily rising” since 2016, prices had “only began to appreciate since the start of this year”.
“We expect land transactional activity to continue to gather momentum as the World Expo approaches [in 2020], consequently pushing prices higher,” according to the report.
“With construction activity on the upswing, land prices are expected to move higher,” the report notes.
On the other hand, property values in freehold areas are either seeing low single-digit growth, remaining flat, or dropping by 1-2%, Reidin says.

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