Dubai’s freehold villa communities have more than doubled in value in value over the past four years, according to a report from ValuStrat. Prices have also surpassed previous peaks of the last decade, with Palm Jumeirah villas nearly doubling in value since 2014. The real estate market continues to shatter records, with prices per square foot reaching an all-time high of Dh1,431. The ValuStrat Price Index (VPI) grew 2.2% monthly to 186.1 points, representing a 28.8% annual increase. Dubai’s residential capital gains maintain strong momentum, with over 15,000 sales transactions valued at Dh38.55 billion in August.
Off-Plan vs. Ready Homes
Dubai’s real estate market saw a 3.4% monthly and 46.4% annual growth in off-plan home Oqood registrations, accounting for 68% of all transactions. Off-plan deals valued at Dh22.9 billion were the highest ever. Mortgage buyers accounted for 58% of transactions, while investors made up 60%. The market’s strength is reflected in the strong performance of off-plan developments.
