It is revealed that 85% of established freehold villa communities in Dubai have more than doubled in value over the past four years. Palm Jumeirah villas have nearly doubled in value since 2014. Dubai's real estate market is booming with prices per square foot hitting an all time high of Dh1431, an 18% increase year-on-year. The ValuStrat Price Index (VPI) rose 2.2% monthly, reaching 186.1 points, a 28.8% annual increase. Villas are at 237.7 points, while apartments are at 152.5 points.

August saw over 15,000 sales transactions worth Dh38.55 billion, driven by strong demand despite low supply. Villa prices grew 2.4% monthly and 33.5% annually, with significant gains in Palm Jumeirah (42.9%) and Jumeirah Islands (42.4%). Apartment prices rose 2% monthly, maintaining a 24.4% annual growth, with top gains in Discovery Gardens (34.2%) and The Greens (33.6%).

Off-plan home registrations surged 3.4% monthly and 46.4% annually, dominating 68% of transactions. Meanwhile, ready home sales reduced by 15.8% monthly but increased 10.2% from last year.

Prime property transactions included 13 deals over Dh30 million in top areas like Palm Jumeirah and Emirates Hills. Emaar led sales, followed by Sobha and Azizi, with top off-plan projects in Jumeirah Village Circle and Dubai South.

Overall, Dubai’s real estate market remains robust driven by strong off-plan sales and continued investor interest.

Read more: Ricky Martin to Rock Coca-Cola Arena in Dubai on December 14