LP.com

According to the report, capital values for freehold villas in various mature communities in Dubai have surpassed historical peaks from 2014. Average villa valuations have even exceeded 10 million dirhams (approximately 2.72 million USD), highlighting strong market momentum and investment attractiveness.

The apartment market also shows growth trends. In June, apartment prices in Dubai rose by 1.9% month-on-month and surged by 23.4% year-on-year. Particularly in popular communities like The Greens, Palm Jumeirah, Discovery Gardens, and The Views, apartments witnessed significant capital appreciation, with annual increases of 33.7%, 31.1%, 34.5%, and 29.7%, respectively.

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In the villa segment, capital values increased by 2.4% month-on-month and rose sharply by 33.4% year-on-year in June. Palm Jumeirah led the villa market with a capital value increase of 43.1%, followed by Jumeirah Islands, Dubai Hills Estate, Emirates Hills, and The Lakes, which saw increases of 32.5%, 30.2%, 29.8%, and 28.6%, respectively.

However, off-plan property performance showed a different trend. Despite a 33% year-on-year increase in property registrations in June, there was a 31.9% decrease month-on-month, indicating the complexity and uncertainty of the market fluctuations. Particularly noteworthy is the largest annual decline in ready property transactions since the onset of the pandemic, down by 2.6% year-on-year and 19.4% compared to May, underscoring the need for cautious observation and analysis of market trends.