Q4 2023 Real Estate Market Results

Q4 2023 Real Estate Market Results – Dubai

According to the consulting group, ValuStrat, Real Estate Research:

Residential capital values has exceeded market peaks of 2014.

Compared to Q4 2022, ValuStrat Index (VPI) increased by 19.9%:

For Villas rose by 24.9%

For Apartments rose by 15.4%

• Sales Volume

Ready rose by 25.2%

Off-plan dropped by 50%

• Sales Value

Ready dropped by 5.6%

Off-plan rose by 68.8%

• Key Off-plan Launches

Apartments

• Sportz by Danube
• Eleganz by Danube
• Samana Barari Views
• Hillside Residences

Villas and Townhouses

• Serenity Mansions in Tilal Al Ghaf
• Utopia in Damac Hills
• Plagette 32

In December 2023, compared to November 2023, VPI increased by 2%:

For Villas rose by 2.3%

For Apartments rose by 1.7%

Areas with the highest annual capital gains in December 2023 include:

Villas

Jumeirah Islands – 32.2%

Palm Jumeirah – 31.9%

Dubai Hills Estate – 30.6%

Apartments

Discovery Gardens – 26.4%

Palm Jumeirah – 25.4%

The Greens – 24.3%