Dubai property market growth slows, shows index
DUBAI, September 8, 2022
The ValuStrat Price Index (VPI) of Dubai properties market witnessed the slowest monthly growth rate in 18 months, ValuStrat said.
With 100 base points set in January 2014, Dubai’s residential VPI inched up 1% monthly to reach 83.1 points.
The villa submarket continued to perform, albeit at a slower 1.3% month-on-month expansion, registering 101.9 VPI points.
Apartments, which represent the majority of Dubai's residential market, gradually approached possible price ceilings with a modest 0.7% monthly rise, reaching 71.4, ValuStrat said.
