Dubai property prices up 1.09% in December
According to the latest REIDIN.com index, average property prices in Dubai increased by 1.09% last month. The monthly increase in real estate values in the last month of 2011 mirrors the general trend seen through-out last year of slow and steady increases in values.
The gradual improvement of Dubai’s real estate market through-out 2011 was helped by several factors including the Arab Spring which saw capital flowing into the emirate as the safe haven of the Middle East.
Properties in prime locations saw the highest increase in values attracting high demand from local residents and investors alike due to better standard of living and higher than average rental returns.
Property in Dubai is expected to increase more sharply in 2012 as market confidence fully recovers.