Dubai house prices rise 4.4% in first eight months of 2021 on positive market sentiment
Residential property prices in Dubai increased 4.4 per cent on average in the first eight months of the year, registering the highest annual growth since February 2015, according to real estate consultancy CBRE. Average apartment prices increased 2.5 per cent and average villa prices increased 17.9 per cent, CBRE said in its third quarter market report on Thursday.
However, rents continued to decline, falling an average of 2.7 per cent in the 12 months to August 2021, according to the consultancy. Apartment rents in Dubai fell 5.2 per cent over the same period, while average villa rents rose 15.5 per cent.
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