Dubai Real Estate Market Dashboard

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

Market Overview

Total Volume (AED)

12.8B

5.3% MoM

Transaction Count

8,742

12.1% YoY

Avg Price PSF

1,450 AED

3.7% MoM

Market Split

Off-Plan 42%
Resale 58%

Price Per Sq.Ft Trends (Last 24 Months)

Top 5 Areas by PSF Growth (YoY)

Ranked by year-over-year price per sq.ft growth percentage
1

Palm Jumeirah

Villas & Apartments

2,850 AED (+18.7%)

Strong demand

2

Downtown Dubai

Luxury Apartments

2,450 AED (+15.2%)

New launches

3

Dubai Hills

Mixed Community

1,750 AED (+12.9%)

Infrastructure

4

Jumeirah Village

Affordable Housing

1,150 AED (+9.8%)

Investor interest

5

Dubai Creek Harbour

Waterfront

1,950 AED (+8.3%)

Expo effect

Top 5 Areas by Transaction Volume

Ranked by total transaction value in AED millions

Segment Analysis

Off-Plan vs Resale Breakdown

Off-Plan Median PSF

1,320 AED

6.5% YoY

Resale Median PSF

1,580 AED

4.2% YoY

Market Confidence & Volatility

Bubble size represents transaction volume. Top-right quadrant shows high-confidence, low-volatility areas.

Transactions by Property Type

Apartments
Villas
Townhouses
Offices

Community-Level Deep Dive

Master Community Performance

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

Emerging Projects Heatmap

Project Community MoM Growth Confidence Volatility PSF
Creek Horizon Dubai Creek Harbour +4.2%
85%
Low
1,950 AED
Sobha Hartland II Mohammed Bin Rashid City +3.8%
78%
Low
1,650 AED
The Valley Dubai South +5.1%
72%
Medium
950 AED
Beach Grove Dubai Islands +4.5%
80%
Low
1,350 AED

Top 10 Buildings by Transaction Count

Investor & End-User Insights

Investment vs End-Use Breakdown

Investment 65%
End-Use 35%

Price Distribution by Bedroom Count

Studio
1BR
2BR
3BR+

Affordability Zones

Budget (Under 1M AED)

Entry-level properties

Best Value

International City

Dubai South

Jumeirah Village

Avg PSF: 850 AED

7.2% YoY growth

Mid-Range (1M-3M AED)

Balanced quality & price

Popular

Dubai Hills

Dubai Sports City

Town Square

Avg PSF: 1,250 AED

9.5% YoY growth

Premium (3M+ AED)

Luxury properties

High Demand

Palm Jumeirah

Downtown Dubai

Emirates Hills

Avg PSF: 2,450 AED

12.8% YoY growth

Trend Forecast & Commentary

Leading Indicators

Weekly Sales Count

+12%

Median PSF Change (3M)

+3.7%

Off-Plan Share

42%

AI Trend Direction Summary

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

What's Heating Up vs Cooling Down

Heating Up

  • New Waterfront properties in Dubai Islands
  • Hot Luxury villas in Palm Jumeirah
  • Rising Off-plan in Mohammed Bin Rashid City
  • Trend Ready properties in Dubai Hills

Cooling Down

  • Slow Older buildings in Deira
  • Decline Commercial units in DIFC
  • Caution High-rise studios in JLT
  • Watch Secondary market in IMPZ

Based on trend direction signals and volume change analysis

Expert Commentary: Key Takeaways

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.