Dubai Real Estate Surges: Latest Market Trends
Insights from ValuStrat Price Index (VPI)
Dubai’s real estate sector witnessed significant growth in the first quarter of 2024, as reported by the ValuStrat Price Index (VPI), indicating positive trends in both residential and commercial properties.
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Dubai Villa Prices Surge, Apartments Follow Suit
Record Growth in Dubai Real Estate Market
The ValuStrat Price Index (VPI) soared to 164.1 points in February, marking a significant 23.1% annual increase.
Dubai’s coveted villa properties have experienced a staggering doubling in value over three years, while apartment prices have risen by over a third on average, according to recent data.
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Dubai Real Estate Outlook 2024: 34,000 Units Expected
Steady Growth Despite Global Softening
Dubai’s real estate sector is poised to deliver around 34,000 units in 2024, solidifying its position as a key driver of the UAE’s economic diversification efforts.
Despite global uncertainties, experts anticipate sustained growth in both Dubai and Abu Dhabi’s real estate markets, with approximately 8,000 units slated for delivery in the capital.
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Dubai Villa Sales Plummet 55% Amid Property Shortage
Hamptons International Attributes Decline to Limited Supply
Vilal Housing Boosts Residential Services in UAE
Strategic Plans and Technological Advancements Drive Progress
Vilal Housing is dedicated to enhancing residential services in the UAE, with a recent announcement of plans to build 50 villas slated for completion by 2024.
In a pivotal meeting held at the Emirates Towers in Dubai, the board of directors, chaired by Abdul Rahim Sultan, underscored their commitment to top-notch housing solutions. Members Aarefa Al Falahi, Alia Busamra, Mohammed Al Falahi, and Alia Al Shamlan convened to review past achievements, strategize for 2024, and address sector challenges and opportunities.
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