The Dubai real estate market experiences a year-on-year increase of 19.9 percent.

In the fourth quarter (Q4) of 2023, the Dubai real estate market experienced a remarkable performance, particularly in residential capital gains, reaching a decade-high. According to the ValuStrat Price Index (VPI), there was a significant year-on-year (YoY) increase of 19.9 percent, reaching an impressive 103.1 points. Additionally, this translates to a quarter-on-quarter (QoQ) increase of 6.7 percent.

The VPI utilizes ValuStrat’s proprietary research and valuations to track the latest price fluctuations in the real estate sector.

ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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