Compared to Q2 of 2022, off-plan villa prices are up by 32%. One major reason for this is the increased interest in luxury villa communities, with slightly higher-priced properties.
Developers also offer enticing post-handover-payment plans, enabling investors to buy luxury properties that were previously out of their price range.
For example, The Stellas by Murano in Al Furjan is a hot-selling villa community featuring private pools and elevators, starting at AED 7.2M, and an easy post-handover payment plan.
Price Changes
The Median price per square foot is now up to AED 1,336, which is the highest on record for the month of Q2.
Price-per-square-foot - Q2, Over the Years (AED) - Off-plan and ready - All property types
Rental Price Changes
| Beds |
Quarter |
Number of contracts |
Median |
QoQ % |
YoY % |
| Studio |
Q2-2023 |
6,033 |
33,000 |
3.1 |
17.9 |
| 1 |
Q2-2023 |
11,794 |
50,000 |
4.2 |
16.3 |
| 2 |
Q2-2023 |
6,236 |
85,000 |
3.7 |
25.0 |
| 3 |
Q2-2023 |
2,972 |
135,000 |
3.8 |
22.7 |
| 4 |
Q2-2023 |
968 |
231,300 |
15.7 |
36.1 |
| 5 |
Q2-2023 |
314 |
305,000 |
1.7 |
24.5 |
Check out our complete Q2 2023 report for more information. Our comprehensive report delves deeper into the real estate market trends and insights in Dubai.