Dubai’s Affordable Real Estate Prices Increase by 3.9% in July

Thursday, 11th August 2016

A varied price performance has been noticed in Dubai’s real estate market in July, due to location and quality according to a report by ValuStrat, Arabian Business reported.

The ValuStrat Price Index (VPI) recorded increases ranging from 1.1% to 3.9% in places where affordable apartments are sold, which compressed net yields by an average of 0.2%.

The report also indicated low price adjustments witnessed in some locations, averaging at 1.3%. Meanwhile, the price of villas in several locations have stabilized.

The residential VPI recorded 97.7 index points overall, compared to 2014’s 100 points, without any noticeable change in value. However, the latest index score indicated a 0.7% decline when compared to the same month last year.

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