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Price stabilization in Dubai's luxury residential market

Price stabilization in Dubai's luxury residential market

According to the latest ValuStrat research report, prices of luxury apartments in Dubai have increased by 1.7% in each quarter of 2021, but have not been able to keep up with the figures of the villa market, where prices increased by 10.3%. On an annual basis, the price of Arabian apartments has fallen steadily by 4.8%.

About 42% fell on off-plan apartments, while the number of transactions for finished apartments reached 58%. The best performers among the top sales were apartments by developers Emaar, Azizi, Nakheel, Damac and Seven Tides.

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