Dubai Apartment Prices Jump Most in a Decade as Home Boom Widens
<p>Dubai apartment values surged by the most in nearly a decade in August, broadening a property rally that’s transformed the city into one of the world’s hottest housing markets.</p>
<p>The city’s housing boom, so far largely driven by larger single-family homes, is now pushing up prices for apartments that make up about 85% of the housing supply in the Middle East’s business and tourism hub.</p>
<p>Prices for apartments rose 20% on average in the year through August, marking the best performance since November 2014, according to real estate adviser CBRE Group Inc. The gains outpaced price increases of 17.3% for single family homes, known locally as villas, according to CBRE.</p>
<p><a href="https://medium.com/@valustrat/dubai-apartment-prices-jump-most-in-a-decade-as-home-boom-widens-8eed7bda3f08"><strong>Read More</strong></a></p>