Residential values rose again in Q4 2022, marking the 8th consecutive quarter of price rises.
Prices still remain 22% below the 2014 peak showing potential future growth.
2023 expected annual growth of 13.5% – the highest growth rate for prime markets globally. (c.Knight Frank Middle East).
Shortage of supply of ready, high quality luxury specification villas in prime locations.
Demand from overseas ultra-high-net-worth individuals (UHNWI) is underpinning price growth in the region.
2023 is set to be the year with highest number of UHNWI migrations with 4,000 millionaires expected in 2023. (c.Henley Global Citizens Report).
Apartments make up 63,000 units, or 77% of the total supply through to 2025 falling into this category highlighting the current under supply issue we are seeing in the Dubai villa market.
