Dubai real estate: Apartment, villa prices and rents surge as demand recovers | ZAWYA MENA Edition
Dubai villa prices surged as much as 27 percent in the second quarter of 2021 as the UAE real estate sector continued its path to recovery.
According to property management firm, Asteco’s latest report, Jumeirah Park saw the highest rise in sales price increase - 27 percent from Q1 to Q2 2021. This was followed by the Springs, which saw an increase of 24 percent and Dubai Hills Estate, where prices rose by 19 percent.
Dubai apartment sales prices also increased across the board, with the Palm Jumeirah seeing the highest increase from Q1 to Q2 - 13 percent - followed by Business Bay at 12 percent and Jumeirah Lakes Towers (JLT) at 10 percent.
As the trend towards larger spaces continued, Arabian Ranches villa rental prices also increased by 19 percent, followed by Dubai Sports City at 14 percent and Dubai Hills Estate at 13 percent.
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