Dubai Real Estate Market Overview August 2022

Status

All

Offplan

Ready

6,746

Apartments

82.9% vs. Aug-2021

Sales value

AED 12B

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2,381

Villas

50.4% vs. Aug-2021

Sales value

AED 7.7B

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267

Commercial

72.3% vs. Aug-2021

Sales value

AED 339.2M

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339

Plots

5.6% vs. Aug-2021

Sales value

AED 4.3B

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Property prices

** Prices change across Dubai is attributed to selling properties in different areas than the areas last year. e.g, the sales in May 2021 were concentrated in JLT, JVC, Arjan, while in 2022 the sales were mainly in Business Bay and Downtown. Please visit our interactive reporting tools to get precise information.

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AED 1.1M

Apartments price

-.8% vs. Aug-2021

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AED 2M

Villas price

-13.5% vs. Aug-2021

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AED 825.7K

Commercial price

1.8% vs. Aug-2021

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AED 4.5M

Plots price

-10% vs. Aug-2021

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Rental prices

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AED 49K

Apartment

22.5% vs. Aug, 2022

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AED 135K

Villa

12.5% vs. Aug, 2022

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AED 85K

Commercial

13.3% vs. Aug, 2022

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1 - 3

The property demand in August 2022 was mainly in these 5 areas

This sales value proposition does not include the mortgage transactions

The off-plan vs. ready property comparison does not consider plot transactions

Sales volume

Sales Value

Number of property sales transactions in Dubai over years based on the Dubai Land Department

Switch Price Trend

Price per sqft

Property price

Area

Mortgage

Project

Price

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The Royal Atlantis Resort & Residences, Palm Jumeirah

Price AED 163 M

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One At Palm Jumeirah, Palm Jumeirah

Price AED 85 M

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Bv Residences 1, Jumeira Bay

Price AED 50 M

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Dorchester Collection Dubai, Business Bay

Price AED 42 M

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Six Senses Residences The Palm, Palm Jumeirah

Price AED 39 M

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Project

Price

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Emirate Living

Price AED 210 M

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Elysian Mansions, Tilal Al Ghaf

Price AED 42 M

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Dubai Hills - Hills Grove Community, Dubai Hills

Price AED 37 M

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Palm Jumeirah

Price AED 35 M

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Damac Lagoons - Venice (1), Damac Lagoons

Price AED 23 M

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Dubai Real Estate Market Overview August 2022

6,746 Apartments 82.9% vs. Aug-2021 Sales value AED 12B

6,746

AED 12B

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2,381 Villas 50.4% vs. Aug-2021 Sales value AED 7.7B

2,381

AED 7.7B

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267 Commercial 72.3% vs. Aug-2021 Sales value AED 339.2M

267

AED 339.2M

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339 Plots 5.6% vs. Aug-2021 Sales value AED 4.3B

339

AED 4.3B

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Property prices

AED 1.1M Apartments price -.8% vs. Aug-2021

AED 1.1M

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AED 2M Villas price -13.5% vs. Aug-2021

AED 2M

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AED 825.7K Commercial price 1.8% vs. Aug-2021

AED 825.7K

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AED 4.5M Plots price -10% vs. Aug-2021

AED 4.5M

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Rental prices

AED 49K Apartment 22.5% vs. Aug, 2022

AED 49K

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AED 135K Villa 12.5% vs. Aug, 2022

AED 135K

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AED 85K Commercial 13.3% vs. Aug, 2022

AED 85K

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Sales volume

Sales Value

Mortgage

Project

Price

The Royal Atlantis Resort & Residences, Palm Jumeirah Price AED 163 M

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One At Palm Jumeirah, Palm Jumeirah Price AED 85 M

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Bv Residences 1, Jumeira Bay Price AED 50 M

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Dorchester Collection Dubai, Business Bay Price AED 42 M

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Six Senses Residences The Palm, Palm Jumeirah Price AED 39 M

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Project

Price

Emirate Living Price AED 210 M

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Elysian Mansions, Tilal Al Ghaf Price AED 42 M

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Dubai Hills - Hills Grove Community, Dubai Hills Price AED 37 M

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Palm Jumeirah Price AED 35 M

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Damac Lagoons - Venice (1), Damac Lagoons Price AED 23 M

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Dubai Property Market Monthly Reports.

May

April

March

February

January

December

November

October

September

August

July

June

6,746

Apartments

82.9% vs. Aug-2021

Sales value

AED 12B

2,381

Villas

50.4% vs. Aug-2021

Sales value

AED 7.7B

267

Commercial

72.3% vs. Aug-2021

Sales value

AED 339.2M

339

Plots

5.6% vs. Aug-2021

Sales value

AED 4.3B

AED 1.1M

Apartments price

-.8% vs. Aug-2021

AED 2M

Villas price

-13.5% vs. Aug-2021

AED 825.7K

Commercial price

1.8% vs. Aug-2021

AED 4.5M

Plots price

-10% vs. Aug-2021

AED 49K

Apartment

22.5% vs. Aug, 2022

AED 135K

Villa

12.5% vs. Aug, 2022

AED 85K

Commercial

13.3% vs. Aug, 2022

The Royal Atlantis Resort & Residences, Palm Jumeirah

Price AED 163 M

One At Palm Jumeirah, Palm Jumeirah

Price AED 85 M

Bv Residences 1, Jumeira Bay

Price AED 50 M

Dorchester Collection Dubai, Business Bay

Price AED 42 M

Six Senses Residences The Palm, Palm Jumeirah

Price AED 39 M

Emirate Living

Price AED 210 M

Elysian Mansions, Tilal Al Ghaf

Price AED 42 M

Dubai Hills - Hills Grove Community, Dubai Hills

Price AED 37 M

Palm Jumeirah

Price AED 35 M

Damac Lagoons - Venice (1), Damac Lagoons

Price AED 23 M

Dubai Property Market
Monthly Reports.

Dubai Property Market
Quarterly Reports.