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Dubai Property Price Change by Area - July 2022

The average (all types) property price per square foot has fully recovered from the Covid 19-related downturn in 2020 and is now up to AED 1,175, and is soon projected to surpass the all-time high of AED 1,200 in 2016.

The average (all types)  property price per square foot has fully recovered from the Covid 19-related downturn in 2020 and is now up to AED 1,175, and is soon projected to surpass the all-time high of AED 1,200 in 2016.

Price Change by Area

Business Bay

Year

Type

Price Per sqft

YoY %

Vs. 2014 %

2022

Ready apartment

1,433

4.40 

(4.60) 

2022

Ready commercial

793

2.30 

(34.60) 

2022

Off-plan apartment

1,870

9.10 

(27.50) 

2022

Ready villa

115

(90.40) 

 

Downtown

Year

Type

Price Per sqft

YoY %

Vs. 2014 %

2022

Ready apartment

1,884

11.60 

(19.70) 

2022

Off-plan apartment

2,562

19.90 

6.20 

2022

Off-plan commercial

709

(72.30) 

 

Palm Jumeirah

Year

Type

Price Per sqft

YoY %

Vs. 2014 %

2022

Ready apartment

2,063

61.00 

7.90 

2022

Ready villa

3,401

89.90 

102.20 

2022

Off-plan apartment

2,926

(28.30) 

21.60 

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