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Prices of villas in prime Dubai locations rise by 10.3%

Prices of villas in prime Dubai locations rise by 10.3%

Villas account for about 13% of the residential property market in Dubai. Since 2020, it is this segment of luxury real estate that has seen the largest price growth - up by about 7% each quarter and an annual increase of up to 6.3%.

According to the latest data, prices of villas in Dubai continued to rise in the second quarter of 2021 due to increased demand from investors and buyers of finished homes. 10.3% of the annual record was recorded in the luxury villa niche, giving Dubai a boost to make up for last year's capital losses.

According to an analytical report by ValuStrat, sales in June surpassed those of May by 68%, while sales of finished homes rose by 75.5% month-on-month, while registration of unscheduled orders (contracts) increased by 59.5%.

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