Page 108 - SOBHA REALTY PR REPORT - OCTOBER 2024
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Dubai apartment prices rise almost a quarter over
the past 12 months
Villa prices in the emirate surged by more than a third, data shows
• Somshankar Bandyopadhyay
• Updated: Mon 7 Oct 2024, 10:46 PM
Boats are anchored in the Dubai Creek surrounded by high-rise buildings. — AFP file
Dubai apartment prices have risen 24.8 per cent since last year, with the cost of villas going up by
33.1 per cent during the same period, data showed on Monday.
The ValuStrat Price Index for September 2024 improved by 2.1 per cent monthly, reaching 190.1
points, slightly slower than August’s growth of 2.2 per cent. Annually, the valuation-based index was
up by 28.9 per cent. Villas reached 243.2 points, while apartments recorded 155.4 points, both
benchmarked against a base of 100 points set in January 2021.
The ValuStrat Price Index or the VPI, is a valuation-based price index constructed to represent
periodic change in capital values and rental values experienced by typical residential and
commercial properties. The VPI for Dubai’s residential capital values is updated on a monthly basis.
The VPI for Dubai’s residential rental values is updated on a quarterly basis.
https://www.khaleejtimes.com/business/realty/dubai-apartment-prices-rise-almost-a-quarter-
over-the-past-12-months
