Dubai Villas price have increased by 31.9%, as per research released on Monday. The Greens has topped the list surpassing ten-year price peaks with Palm Jumeirah, according to a study by ValuStrat’s for the month of November.
The Price Index by ValuStrat softened for the third time since August in November 2024, rising 1.8% every month to 197.3 points, a slight decrease from October’s 1.9% expansion. The VPI grew by 279 percent annually. Values for both villa and apartment were benchmarked to a base of 100 points in January 2021, with villa and apartments reaching 253.7 points and 160.5 points simultaneously.
Apartments vs Villas
The monthly capital gains for villas were 2.1%, up 31.9% from the previous year. Villas in coveted neighborhoods including Palm Jumeirah (42.5%), Jumeirah Islands (42.4%), which has more than tripled in value since the beginning of 2021, Emirates Hills (32.7%), and Dubai Hills Estate (32.2%) are noteworthy top achievers each year. Mudon (15.1%) and Jumeirah Village Triangle (20.4%) saw the lowest growth, with Mudon staying largely unchanged for the third consecutive month. The price of apartments increased by 1.6% every month, or 23.9% annually.
The Greens (31.6%), Palm Jumeirah (29%), Discovery Gardens (28.5%), and The Views (27.5%) were among the neighborhoods with the largest increases in apartment capital over the previous year.
Prime Home Sales
Total 24 deals for ready-to-move-in residences in Palm Jumeirah, Dubai Hills Estate, Jumeirah Bay Island, Al Barari, and District One that cost more than Dh30 million. Projects in Jumeirah Village Circle (13.1%), Jumeirah Village Triangle (8.5%), Business Bay (5.4%), and Dubailand Residence Complex (5.1%) were the most off-plan areas that were transacted.
Jumeirah Village Circle (10.2 percent), Dubai Marina (5.9 percent), Business Bay (5.1 percent), Downtown Dubai (4.7 percent), and Uptown Motor City (4.1 percent) had the highest percentage of ready-to-sell properties.
Source: Propertynews
