Dubai's real estate market is seeing strong growth with villa prices rising 32.4% year-on-year and apartments up 24.3%, according to a ValuStrat report. Villas in areas like Jumeirah Islands have tripled in value since 2021 while Palm Jumeirah, Dubai Hills Estate and Emirates Hills also saw significant gains.

Apartment prices grew 1.7% monthly with top areas like The Greens and Discovery Gardens posting the highest annual increases. The ValuStrat Price Index rose 1.9% in October reflecting strong overall market performance.

Off-plan home sales jumped 13.1% monthly and nearly doubled annually with high-end properties also seeing strong demand including 21 transactions for homes over AED 30 million.

Dubai’s real estate boom is driven by economic growth, long-term residency programs and the city's appeal as a safe investment hub with experts expecting continued demand.