Dubai Property Market Continues Strong
Growth in July 2024
* The ValuStrat Price Index (VPI) report highlights
Dubai’s residential property market’s robust growth. The VPI grew 2.2 percent in July, to reach 178.2 points.
* The report highlighted annual gains for specific areas and properties. Apartments in Discovery Gardens grew with 34.6% growth. Meanwhile, villas at Palm Jumeirah saw 42.9% growth.
* Notably, Off-plan sales also surged. Contract registrations grew at 59.6% annually and 40.6% monthly. Off-plan transactions also accounted for 68% of all sales.