Villa selling prices increased by 23 per cent in Dubai year-on-year in September, while at the other end of the scale the selling price of apartments in Abu Dhabi fell by 13 per cent, according to real estate data provider Reidin.com.
Apartments did much better in Dubai than Abu Dhabi with prices up by 5.7 per cent, although that still fell a long way short of the surge in Dubai villa prices. There are far less villas available than apartments, particularly in established communities and new arrivals in Dubai are chasing these prices up. Owners get almost daily calls from agents desperate to find new supply.
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