Dubai One Of Top Cities In Increase of Capital Value

Publish date: Thursday، 22 December 2022

The work from home played a huge part in the increase of capital values by 4.2% in Dubai.

Dubai had its fastest growth rate since 2016 and was ranked among 30 cities to record a positive capital value growth for prime residential properties during the first six months of 2021 --- a report by a leading global real estate advisor said on Monday

The highest capital value growth was recorded by Chinese cities with six-month growth figures between 7.9 per cent in Guangzhou and 13.7 per cent in Shanghai. Other cities include are Cape Town, Moscow, and Lisbon.

Cties with a long history of relying on international buyers in their prime markets saw negative capital value growth as a result of travel restrictions, said Savills report.

The report noted that the availability of good quality stock, low lending rates and relatively affordable real estate prices led to strong transaction activity which drove capital values higher across prime properties Return of international travel to world cities will likely provide an increase in the supply of buyers for prime properties

In the US, Los Angeles and Miami lead with growth above 9.0 per cent in the first half of 2021.

The most expensive location in the index, Hong Kong, had seen declines in prices from 2019 through the first half of 2020 as a result of uncertainty in the region. However, capital values increased 1.9% in the year to June 2021.

Some cities have seen price changes go from negative to positive territory in the first half of 2021. Singapore, Bangkok, and Kuala Lumpur benefitted from increased demand for decreased supply.

This article was previously published on UAE Moments.To see the original article, click here

To read the full story for free, please enter your e-mail

Thank you for your subscription, you will receive our Newsletter shortly

Dubai One Of Top Cities In Increase of Capital Value

Related articles