Dubai's residential capital values down 11pc in Q1 DUBAI, 3 hours, 21 minutes ago The residential capital values in Dubai for the first three months of 2021 registered a 11 per cent drop compared to the previous year, standing at 61.9 points, according to leading UAE-based local consulting firm ValuStrat.
The residential VPI showed an average quarterly improvement of 0.8%, as the first three months of the year saw accelerated positive trends for the first time since 2014, stated ValuStrat in its first quarter 2021 Dubai real estate review.
All established freehold villa locations monitored by the VPI saw capital values improve since the last quarter, ranging from 1.8% to 5.4%. However, only half of apartment locations improved in value, some areas saw declines of up to 2.8%.