Residential values across Dubai continue to rise

According to the consultancy, Knight Frank, residential values across Dubai continue to rise for the 10th consecutive quarter

In comparison with:

Q1 2023

• Average prices rose by 4.8%
• Villa prices increased by 4.8%
• Villa prices in Palm Jumeirah went up by 9%

Q2 2022

• Average prices increased by 17%
• Villa prices rose by 15%
• Villa prices in Palm Jumeirah went up by 44%

Q1 2020

• Average prices rose by 24%
• Villa prices went up by 51%
• Villa prices in Palm Jumeirah increased by 146%

Prices Peak of 2014

• Average prices went down by 11.1%
• Villa prices rose by 4.8%

12,000 units were launched in Q2 2023, 83% of which were apartments. Main areas:

1. Al Barsha South and Business Bay (14%)
2. Palm Jumeirah (11%)
3. Dubai Harbour (10%)

Dubai maintained the first place among the global cities with the biggest annual luxury property price rise in Q2 2023

According to Knight Frank, TOP 5 is:

1. Dubai +48.8%
2. Tokyo +26.2%
3. Manila +19.9%
4. Miami +7.5%
5. Shanghai +6.7%