Dubai Residential Capital Values in August 2024

Dubai villa market has exceeded market peaks of 2021 by 138%

– According to the ValuStrat Index (VPI)

Compared to July 2024, VPI rose by 2.2%: 

• Villas – VPI rose by 2.4%
• Apartments – VPI rose by 2%

Compared to August 2023, VPI rose by 28.8%: 

• Villas – VPI rose by 33.5%
• Apartments – VPI rose by 24.4%

Sales Volume

Ready – increased by 10.2%

Off-plan – increased by 46.4%

Areas with the highest annual capital gains:

Villas

• Palm Jumeirah – 42.9%
• Jumeirah Islands – 42.4%
• Dubai Hills Estate – 36.9%
• Emirates Hills – 34.3%
• Green Community West – 31.4%

Apartments

• Discovery Gardens – 34.2%
• The Greens – 33.6%
• Palm Jumeirah – 30.3%
• Al Quoz Fourth – 30.2%
• The Views – 30%

TOP 5 developers by sales in August: 

• Emaar – 22.5%
• Sobha – 8.7%
• Azizi – 5.8%
• DAMAC – 5.5%
• Danube – 3.6%