Dubai’s apartments record higher price gains on strong demand in August
<p>Prices for apartments in Dubai increased along with those of villas and townhouses last month, according to real estate consultancy ValuStrat.</p>
<p>The market for apartments experienced capital gains of 1.5 per cent monthly and expanded at a record 10 per cent annually, the highest capital growth in a decade, the agency said in a new report.</p>
<p>Apartments in Palm Jumeirah recorded the highest capital gains annually at 19.3 per cent, followed by The Greens at 14.7 per cent, Discovery Gardens at 14.1 per cent, Motor City at 13 per cent, and Jumeirah Beach Residence at 11.3 per cent, the research showed.</p>
<p>“Increased sales of apartments within affordable and mid-market communities were observed,” said Haider Tuaima, head of research at ValuStrat.</p>
<p><a href="https://medium.com/@valustrat/dubais-apartments-record-higher-price-gains-on-strong-demand-in-august-49d0a3ca0be"><strong>Read More</strong></a></p>