July’s Unprecedented Price Metrics

 

In July, Dubai reached a new milestone in its property market. The city registered the highest price per square foot ever recorded for that month, standing at AED 1,370. This is indicative of Dubai's enduring appeal as a real estate hotspot and its resilience in attracting premium valuations, even amidst fluctuating global economic conditions. This record also underscores the confidence of investors in the emirate's real estate prospects and its overall economic health.

Price/Sqft - All Property Types - July 2023

Interestingly, the price of completed villas has surged by almost 70% since July 2022, up to AED 4.2M. This is now the highest we've seen for the month of July on record. 

Ready Villa Price - July Over the Years

 

Go to DXB Interact to stay on top of the Dubai property market, with real-time updates straight from the Dubai Land Department.

What else happened with the Dubai Property Market in July?

 



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