Dubai villa market has exceeded market peaks of 2021 by 44%

Dubai villa market has exceeded market peaks of 2021 by 44% according to the ValuStrat Index (VPI)

Compared to April 2024, VPI rose by 2.1%: 

For Villas rose by 2.4%

For Apartments rose by 1.8%

Compared to May 2023, VPI rose by 27.2%: 

For Villas rose by 32.5%

For Apartments rose by 22.4%

Sales Volume

Ready increased by 8.1%

Off-plan increased 76.3%

Areas with the highest annual capital gains:

Villas

• Palm Jumeirah – 41.7%
• Jumeirah Islands – 41.1%
• Dubai Hills Estate – 37.5%
• Emirates Hills – 32.5%
• Green Community West – 32.1%

Apartments

• Discovery Gardens – 34%
• The Greens – 32.6%
• Palm Jumeirah – 30.9%
• Al Quoz Fourth – 29.1%
• The Views – 28.1%