Dubai property transactions jump 46.8% in strongest monthly rise in 3 years

Summary:

Dubai's property transactions for ready homes surged by 46.8% month-on-month in June, the highest increase in three years. The ValuStrat Price Index for residential properties decreased slightly to 220 points, reflecting a cumulative 10% drop since February. Villa values fell to 293.7 points, while apartments dropped to 169.1 points. Top developers included Azizi and Damac, with off-plan sales representing 75% of all residential transactions. Villa and apartment values declined slightly month-on-month, with notable annual gains in certain areas, while older freehold properties remain significantly above post-pandemic levels.