Dubai apartment values starting to stabilise says ValuStrat ...United Arab Emirates

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Dubai apartment values starting to stabilise says ValuStrat
Apartment prices in Dubai have hit a plateau after months of strong growth, according to a new report by ValuStrat. The latest ValuStrat Price Index (VPI), which tracks the market performance of residential properties across the emirate, saw a moderate 0.9% monthly increase in October 2022, indicating a slow pace of price growth. Apartments registered only a 0.6% monthly change, with prices now averaging $244 per sqft, while villa prices went up by 1.2%. In October 2022, MCRE said it had achieved record Q3 results of over $136mn in sales in Abu Dhabi’s property market. According to ValuStrat, apartments in several areas in Dubai, including International City, Business Bay, Jumeirah Village,

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