Dubai Property Price Change by Area - August 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.

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%

 



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