Dubai – 8th December 2016

The November’16 ValuStrat Price Index (VPI) saw no general change in value for most locations monitored by the index. However, monthly uplifts of 1.6% -1.9% were recorded for mid to high-end villas located in Arabian Ranches, Palm Jumeirah, and Jumeirah Village. Additionally, monthly uplifts of 0.9% -3.1% were recorded for apartments located in Downtown Dubai, Motor City, The Views as well as Discovery Gardens. Property values in Motor City are now being recorded at only 5.2% lower than their 2014 peak. Conversely, some areas saw a monthly price drop that averaged -1.2% for both villas and apartments.

Compared to a 100-point base in Jan ’14, the November2016 overall residential VPI registered 97.5 index points, with no significant change in values when compared to the previous seventeen months and down 0.5% when compared to the same period last year.

During November, the villa market registered 96.7 points, down just 0.2% since January and the apartment market registered 98.0 points, down 0.6%since January.

ValuStrat’s overall VPI reveals:

  • Price to Rent Ratios - 20 years for villas and 14 years for apartments

  • Gross Yields – 5.5% for villas and 7.5% for apartments

  • Net Yields –4.4% for villas and 5.2% for apartments

-Ends-

About ValuStrat:
ValuStrat is a leading consulting firm headquartered in Dubai providing Advisory, Valuation, Research, Due Diligence and Divestment services across a diverse range of industry sectors since 1977. Offices in UAE, Saudi Arabia and Qatar serve over 800 corporate clients in the Middle East. Client base includes financial institutions, local corporates, multinationals, governments, SME’s, family businesses and start-ups. Some of the key sectors serviced by ValuStrat’s consulting team include real estate, hospitality, healthcare, education, manufacturing, retail, entertainment, transport and FMCG.

About the ValuStrat Price Index:
The ValuStrat Price Index (VPI) for Dubai’s residential sector is constructed to represent the monthly price change experienced by typical freehold residential units within Dubai. The VPI provides an up-to-date opinion of current pricing. The VPI is a comprehensive weighted sample of all property types across the city.

For more information please visit: www.valustrat.com

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© Press Release 2016