Dubai Residential Capital Values - October 2024

Dubai villa market has exceeded market peaks of 2021 by 148.5%

– According to the ValuStrat Index (VPI)

Compared to September 2024, VPI rose by 1.9%: 

Villas – VPI rose by 2.2%

Apartments – VPI rose by 1.7%

Compared to October 2023, VPI rose by 28.3%: 

Villas – VPI rose by 32.4%

Apartments – VPI rose by 24.3%

Sales Volume

Ready – volume increaesed by 30.1%

Off-plan – volume increaesed 99.7%

Areas with the highest annual capital gains:

– Villas

• Palm Jumeirah – 42.5%
• Jumeirah Islands – 42.3%
• Dubai Hills Estate – 33.7%
• Emirates Hills – 33.1%
• Meadows – 30.5%

– Apartments

• The Greens – 32.4%
• Discovery Gardens – 30.9%
• Palm Jumeirah – 29.9%
• Al Quoz Fourth – 28.4%
• The Views – 28.4%

TOP 5 developers by sales in September: 

• Emaar – 14.7%
• DAMAC – 13.6%
• Sobha – 8.7%
• Azizi – 6.2%
• Dubai Holding – 3.4%