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The small spurts of growth have been reporting in certain type of property in particular locations of Dubai since 2010. Sales prices and rents of villas have been inching up since 2010. On the other hand, apartment prices had been under constant pressure of oversupply for the last 3 years with only few high-end apartments showing recovery in sale prices and rents. This also gave rise to a term ?Selective stabilization? in Dubai property sector. This also led the experts to desperately wait for the time when apartments and villa prices would recover at the same time to bring the sector back to its original condition.
The results of Q2 have revealed that finally it?s the time to celebrate uniform recovery, since apartment prices and rents have started to move parallel to villa prices and rents in Dubai. Apartment prices in Dubai have increased by 9% whereas villa prices have increased by 16% during the first six months of 2012. A recent report also shows that rents of apartments in Dubai increased by up to 10% while villa rental rates increased by 13% during the first half of the year.