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According to CBRE, real estate prices in Dubai rose in most areas of the city during February. The volume of transactions from the beginning of the year to February reached 11,071 — the highest figure recorded in the first two months of the year.
Average prices increased by 10.7% year-on-year compared to February, while average apartment prices increased by 9.1% and villa prices increased by 21%.
The Green Community (DIP) recorded the largest monthly growth in the apartment sector in February, increasing by 3%, followed by Jebel Ali by 2.8% and Jumeirah, Dubai Festival City and Meydan City by 2.7%.
In the villa segment, Jumeirah Village Circle real estate grew by an average of 3% in February, while Palm Jumeirah villas, which are the most expensive in Dubai per square meter, grew by 2.9%.
