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.

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

BedsQuarterNumber of contractsMedianQoQ %YoY %
StudioQ2-20236,03333,0003.117.9
1Q2-202311,79450,0004.216.3
2Q2-20236,23685,0003.725.0
3Q2-20232,972135,0003.822.7
4Q2-2023968231,30015.736.1
5Q2-2023314305,0001.724.5

 

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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