Dubai Villa Market Has Exceeded Market Peaks of 2021 by 126%

Dubai villa market has exceeded market peaks of 2021 by 126%, according to the ValuStrat Index (VPI)

Compared to May 2024, VPI increased by 2.2%: 

For Villas rose by 2.4%

For Apartments rose by 1.9%

Compared to June 2023, VPI increased by 28.2%: 

For Villas rose by 33.4%

For Apartments rose by 23.4%

Sales Volume

Ready dropped by 2.6%

Off-plan rose 33%

Areas with the highest annual capital gains:

Villas

• Palm Jumeirah – 43.1%
• Jumeirah Islands – 42.5%
• Dubai Hills Estate – 38.5%
• Emirates Hills – 33.6%
• Green Community West – 32.7%

Apartments

• Discovery Gardens – 34.5%
• The Greens – 33.7%
• Palm Jumeirah – 31.1%
• The Views – 29.7%
• Al Quoz Fourth – 29.6%

TOP developers by sales in June: 

• Emaar – 12%
• DAMAC – 8.2%
• Sobha – 8.2%
• Azizi – 5.8%
• Danube – 5.4%
• Nakheel – 4.5%