15 Apr 2013
(MENAFN) Jones Lang LaSalle (JLL) latest report showed that during the first quarter, property prices in Dubai grew by nearly 18 percent from a year before, reported Arabian Business.
According to the REIDIN general Residential Sale Index, villa prices increased by 17 percent in the first 3 months of 2013, while apartment prices gained 18 percent.
Meanwhile, the REIDIN Rental Indices registered a rise of 10 percent on annual basis.
The total residential stock in areas monitored by JLL reached about 357,000 units in the quarter, moreover, nearly 2,200 residential units, mainly apartments, have been delivered.
JLL’s Q1 2013 Market Overview Report for Dubai also revealed that 28,000 dwellings are projected to be completed during the current year, while 40,000 residential units are expected to enter the market by 2015.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more