Comprehensive market insights & analytics - Q2 2023
Last Updated
June 15, 2023
Market Status
Active Growth Phase
Overall Trend
+8.2% YoY Price Growth
Investor Activity
High in Off-Plan
Total Volume (AED)
12.8B
Transaction Count
8,742
Avg Price PSF
1,450 AED
Market Split
Palm Jumeirah
Villas & Apartments
2,850 AED (+18.7%)
Strong demand
Downtown Dubai
Luxury Apartments
2,450 AED (+15.2%)
New launches
Dubai Hills
Mixed Community
1,750 AED (+12.9%)
Infrastructure
Jumeirah Village
Affordable Housing
1,150 AED (+9.8%)
Investor interest
Dubai Creek Harbour
Waterfront
1,950 AED (+8.3%)
Expo effect
Off-Plan Median PSF
1,320 AED
6.5% YoY
Resale Median PSF
1,580 AED
4.2% YoY
Bubble size represents transaction volume. Top-right quadrant shows high-confidence, low-volatility areas.
| Community | Median PSF | MoM | YoY | Transactions | Trend |
|---|---|---|---|---|---|
|
Downtown Dubai
Emaar
|
2,450 AED | +2.3% | +15.2% | 1,287 | Strong |
|
Dubai Marina
Multiple
|
1,850 AED | +1.2% | +8.7% | 1,542 | Moderate |
|
Palm Jumeirah
Nakheel
|
2,850 AED | +3.1% | +18.7% | 876 | Very Strong |
|
Jumeirah Village
Dubai Properties
|
1,150 AED | +0.8% | +9.8% | 1,024 | Steady |
| Project | Community | MoM Growth | Confidence | Volatility | PSF |
|---|---|---|---|---|---|
| Creek Horizon | Dubai Creek Harbour | +4.2% |
|
|
1,950 AED |
| Sobha Hartland II | Mohammed Bin Rashid City | +3.8% |
|
|
1,650 AED |
| The Valley | Dubai South | +5.1% |
|
|
950 AED |
| Beach Grove | Dubai Islands | +4.5% |
|
|
1,350 AED |
Budget (Under 1M AED)
Entry-level properties
International City
Dubai South
Jumeirah Village
Avg PSF: 850 AED
7.2% YoY growth
Mid-Range (1M-3M AED)
Balanced quality & price
Dubai Hills
Dubai Sports City
Town Square
Avg PSF: 1,250 AED
9.5% YoY growth
Premium (3M+ AED)
Luxury properties
Palm Jumeirah
Downtown Dubai
Emirates Hills
Avg PSF: 2,450 AED
12.8% YoY growth
Weekly Sales Count
+12%Median PSF Change (3M)
+3.7%Off-Plan Share
42%Market Outlook
Positive growth trajectory with strong fundamentals
Luxury Segment
High demand from international investors
Mid-Range Apartments
Stable with moderate growth potential
Affordable Communities
Growing demand from first-time buyers
Monitor: Oversupply risk in studio segment
Heating Up
Cooling Down
Based on trend direction signals and volume change analysis
Investor Opportunities
Off-plan in emerging areas like Dubai South and Dubai Islands offer strong ROI potential with lower entry points compared to established communities.
Undervalued Segments
Townhouses in family-oriented communities show consistent demand but haven't seen the same price surges as villas or luxury apartments.
Market Risks
Studio oversupply in certain areas may lead to price corrections. Focus on properties with unique amenities or locations.
Pro Tip: Diversify across 2-3 communities with different price points to balance risk and growth potential.