According to the recognized analytical agency ValuStrat, despite significant decline in apartment prices, it is the detached properties that continue to show growing demand and an increase in pricesalong with it.
According to the same agency, the capital value of cottages on average increased by more than 6 percent in the last month of the summer of 2021 compared to previous months. It increased by 1.5 percent when comparing the data of the current year and the past.
To understand the growth in value, one should pay attention to such a factor as the weighted average capital cost. For villas and townhouses, it is equal to 435 thousand US dollars (or 2.5 thousand per square meter). Of all the low-rise communities, the largest growth was seen in the Arabian Ranches community - in this case, there is an increase of 22 percent compared with a month earlier. Slightly less, namely 20 percent, is the increase in the capital value of the Jumeirah Islands residential area. Moreover, Dubai Hills and The Lakes have high rates - 18 percent each.
