The affordable property market in Dubai grew in the second quarter for the first time since the start of the pandemic

According to the VPI price index, the Dubai housing market grew by 11.7% year on year and by 3.4% quarterly. The cost of villas increased by almost 16% year-on-year and by 4.3% quarterly. Apartment prices increased by 8.1% according to this study.

Positive changes in the affordable residential real estate segment, where prices rose by 4.5% in Discovery Gardens, 4.3% in Motor City, 3.9% in The Greens and 3.4% in Dubai Production, are noted by most experts. Prices for luxury housing increased by 13.1% year on year and by 3.9% quarterly.

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