Q2 2023 Report: Price Changes and Trends in Dubai Real Estate Market
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.
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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.
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