Dubai Residential Capital Values - July 2024

Dubai villa market has exceeded market peaks of 2021 by 132%, according to the ValuStrat Index (VPI)

Compared to June 2024, VPI rose by 2.2%: 

For Villas rose by 2.5%

For Apartments rose by 2%

Compared to July 2023, VPI rose by 28.5%: 

For Villas rose by 33.4%

For Apartments rose by 23.8%

Sales Volume

Ready increased by 27.2%

Off-plan increased 59.6%

Areas with the highest annual capital gains:

Villas

• Palm Jumeirah – 42.9%
• Jumeirah Islands – 42.7%
• Dubai Hills Estate – 38%
• Emirates Hills – 33.8%
• Green Community West – 32.1%

Apartments

• Discovery Gardens – 34.6%
• The Greens – 34.1%
• Palm Jumeirah – 30.8%
• The Views – 30%
• Al Quoz Fourth – 29.9%

TOP 5 developers by sales in July: 

• Emaar – 20.3%
• DAMAC – 7.2%
• Danube – 5.2%
• Nakheel – 4.8%
• Sobha – 4.4%