The valuation-based leading real estate consultancy firm ValuStrat Price Index (VPI) for capital values in Abu Dhabi’s residential investment zones increased 2.1 per cent in the second quarter 2021 to 65.8 points.
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This was the first time the VPI has witnessed three consecutive quarters of growth since 2016, aggregating 7.2 per cent since Q4 2020, ValuStrat’s Abu Dhabi Real Estate second quarter report said.
“Annually, capital values were 3.9 per cent higher recovering from the Covid-19 headwinds of last year. The weighted average residential value this quarter was Dh8,816 per sq m (Dh819 per sq ft), apartments stood at Dh 9,634 per sq m (Dh895 per sq ft), and villas at Dh6,867 per sq m (Dh638 per sq ft).