Jumeirah Village Triangle - Townhouses & Villas Q3 2023 Market Report

During the summer period JVT maintained a strong level of activity with an increase in sales transactions for townhouses and villas. Average prices are still increasing and we expect this trend to continue. We also saw many sales of upgraded and extended properties, where owners originally bought as a 2 bedroom and after obtaining approval from Nakheel extended and increased the BUA - subsequently adding value to the property. Rents are still on the rise, which is great news for investors. Many tenants are staying put in the community as we see renewals far outweigh new contracts for another quarter.