Dubai apartment prices continue to rise, pushing many communities closer to their 11-year peaks. The trend remains strong.
Moreover, villa prices in Dubai have climbed well past previous highs. Many locations now show record performance across the market.
The ValuStrat Price Index recently rose to 214.1 points. Apartments reached 170.9 points, while villas hit 280.5 points.
These numbers reflect steady growth in Dubai apartment prices and consistent investor demand across all types of properties.
Villa capital values increased by 2% over the last month. They recorded a 29.8% rise over the past twelve months.
Communities like Jumeirah Islands and Palm Jumeirah led growth with over 40% gains. Emirates Hills and The Meadows followed.
In contrast, Mudon saw the slowest increase. It recorded just 8.9% annual growth and remained steady for months.
Apartment prices increased by 1.1% monthly. They grew by 20.9% over the past year in several key neighborhoods.
Top annual apartment performers included The Greens, Dubailand Residence Complex, and Palm Jumeirah.
The Views and Town Square also performed well. Meanwhile, International City and Burj Khalifa showed slower progress.
Still, Dubai apartment prices rose 69.2% above post-pandemic levels. However, they remain 7% below previous peak values.
The Views is the latest area to cross 2014 price levels, joining Palm Jumeirah, The Greens, and Jumeirah Beach Residence.
Off-plan property transactions also surged. Registrations rose 22.6% monthly and 61.5% annually, dominating total home sales.
In total, off-plan homes made up over 70% of the residential market. Buyers remained active in newly launched developments.
Meanwhile, ready home sales rebounded strongly. They increased 12% from the prior month and nearly 50% annually.
Dubai apartment prices continued to strengthen as ready homes in major locations reached new transaction records.
There were 31 luxury transactions for homes over Dh30 million. Buyers preferred areas like Palm Jumeirah and Downtown Dubai.
Other popular high-end locations included Dubai Hills Estate, Business Bay, and Jumeirah Bay Island.
Top developers during the period included Emaar, Damac, Binghatti, Nakheel, Azizi, and Danube.
Top off-plan sales occurred in Jumeirah Village Circle and Damac Island City. Dubai Marina also broke its monthly record.
For ready homes, most activity happened in Business Bay, Jumeirah Village Circle, and Downtown Dubai.
To conclude, Dubai apartment prices remain on an upward path. High demand and active transactions continue to drive the market.
