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FINANCIAL NEWS
Dubai’s luxury villa prices up 8.9% in 6 months
10 Apr 2013
(MENAFN) Property experts Cluttons stated that over the last 6 months, prices of luxury Dubai villas rose by an average 8.9 percent, reported Arabian Business.
Meanwhile, prices of mid-range villas jumped by 14.9 percent between last year’s third quarter and 2013’s first quarter, whereas lower-budget villas surged by 20.2 percent.
On the other hand, average prices of high and mid-range apartments gained 10 percent, each, and lower budget apartments climbed by 14.6 percent.
As for rents, high-end villas posted an average rental value gain of 9.7 percent, while the mid-range villa segment recorded an average rent rise of 6.2 percent and lower budget villas posted rental value increase of 19.6 percent.
In the mean time, the emirate’s lower apartment segment registered a rent increase of 12.7 percent.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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