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
Type | Price | Vs 2014 % | YoY % |
| Ready apartment | 1.2M | -2% | -16.5% |
| Ready commercial | 852K | -47% | 5% |
| Off-plan apartment | 1.3M | -27% | 12% |
| Off-plan commercial | 2.5M | 223% | -30% |
| Ready plot | 110M | n/a | 78% |
Downtown Dubai
Type | Price | Vs 2014 % | YoY % |
|---|
| Ready apartment | 2M | 7% | 20.5% |
|---|
| Ready commercial | 6M | 54% | -14% |
|---|
| Ready plot | 124M | 107% | 27% |
|---|
| Off-plan apartment | 3M | -5% | 30% |
|---|
| Off-plan commercial | 2.5M | n/a | -19% |
|---|
Palm Jumeirah
Type | Price | Vs 2014 % | YoY % |
| Ready apartment | 1.8M | -13% | 27% |
| Ready plot | 12M | -85% | -81% |
| Ready villa | 12M | 8.20 | 47% |
| Off-plan apartment | 9.6M | %668 | 625% |
| Ready commercial | 15M | n/a | 168% |