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 |