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Dubai's mid-market clusters near 2014 highs
There has been monthly value gains of between 0.6 per cent to 2.6 per cent for apartments in mid-tier clusters such as Discovery Gardens.
dubai - Motor City, Production City inch towards peak price
Property values in Motor City are now only 3.2 per cent below peak, followed by Dubai Production City (formerly known as IMPZ) at 4.5 per cent below peak.
There has been monthly value gains of between 0.6 per cent to 2.6 per cent for apartments in mid-tier clusters such as The Views, Dubai Sports City and Discovery Gardens.
On the villa side, the increases were between 0.8 per cent to 4.1 per cent and in locations such as Arabian Ranches, Jumeirah Park and Jumeirah Village.
"Conversely, some areas saw monthly price declines that averaged -1.5 per cent for both villas and apartments," said ValuStrat.
According to ValuStrat's report, investors can currently expect gross yields of 5.2 per cent for villas and seven per cent for apartments.
- business@khaleejtimes.com
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