The CBRE Dubai Residential Market Snapshot noted that average apartment and villa rents increased by 27.9% and 26.3%, respectively
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In a ranking 25 of the world’s top luxury real estate markets, Dubai topped the list, with prices expected to increase 13.5% in 2023
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Dubai property prices still shy of one-fourth of their previous peak rates
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The top end of Dubai’s housing market, mostly single family homes known as villas, saw a resurgence of demand and led the increase in average prices.
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This stands in stark contrast with other world property markets.
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Overall, property prices in the emirate have jumped 11.8% this year.
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Softer property values and currency benefits compared to 2015 work investors' favour.
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Research firm releases list of markets with growing sales prices; UAE not included in list.
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Property values jumped for the sixth month in a row in April, climbing 2.5 per cent.
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The index's highest monthly growth rate in seven years
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Prices have stabilised for the first time in five years
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