Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

Prices in 26 Dubai areas starting to grow

15.03.2016
Prices in 26 Dubai areas starting to grow
This conclusion was made by the ValuStrat analysts in their latest report.

February 2016 ValuStrat Price Index (VPI) for Dubai residential real estate gave clear signs of the market’s return to its previous growth rates in house prices.

ValuStrat takes the absolute value of 100 points set in January 2014 for the 26 Dubai residential communities monitored by the agency as a basis for its property price index. And in February this year the index was set at 98 points, which is a little bit higher than in the few previous months, when VPI remained the same.

Apartment sales segment has shown the best results, especially for today's most popular areas like International City, Sports City and Jumeirah Lakes. Overall VPI index for Dubai apartments in February increased by 0.1% compared with the four previous months. This figure seems quite inconsiderable, but taking to account its general character and the fragmented demand and Dubai growth rates by areas, even this statistical increase can be considered important.

In the villas segment things aren't going as fast. VPI index for villas fell by 0.1%, but not for areas as Arabian Ranches, Dubai Hills, Palm Jumeirah and Al Wasl, where, for various reasons, villa prices are still quite stable.

According to the ValuStrat research manager Haider Tuaima, a decline in Dubai property prices started slowing down in the mid-2015 and last months of last year showed that a quite negligible decline in prices was clearly indicating the stabilization in Dubai real estate sector, which became obvious in the two first months of 2016.

ValuStrat report said that it seems the signs are indicating that we’ve reached a predictable stage of the market, when the market's bottoming out has begun. If all other economic factors are the same, it will stay this way for the next three to six months.

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
SALE
730,000
Ref.No: AP165
Studio Apt
630 ft2
1,159 AED/ft2
SALE
2,350,000
Ref.No: AP670
1BR Apt
1,308 ft2
0 AED/ft2
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
SOGA1  SOGA2
Call management
SOGA1  SOGA2
Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management