Rate of Capital Growth for Apartments in Dubai: Nearing that of Villas

Dubai Real Estate: Rate Of Capital Growth For Apartments Is Nearing That Of Villas

ValuStrat (an international consultant firm) published a report on Dubai's residential capital values, revealing that the capital growth rate for apartments is consistently approaching that of villas. According to the ValuStrat Price Index (VPI) report, the prices of apartments rose by 1.9% M-o-M, making a record 20.1% annual growth. 


Areas With The Highest Apartment Capital Growth In Last Year



  Capital Growth 

  Discovery Gardens


  The Greens


  Palm Jumeirah 


  The Views


  Town Square


The capital gain of villas was 2.4% compared to February and 19.6% since the previous year. Villas in Dubai’s top annual performer areas are Palm Jumeirah and Jumeirah Islands,  both experiencing growth of 37.7%, along with the Dubai Hills Estate (34.8%), Mudon (30.2%), and Arabian Ranches (29.2%).


Annually, Off-Plan registrations experienced a 14% increase with 18.2% monthly growth. While the volume of ready home transactions experienced just a 4.8% monthly rise, revealing only 34.2% monthly sales of total residential units. There were only 15 transactions for ready properties valued over AED 30 Million, situated in Palm Jumeirah, Jumeirah Golf Estates, Jumeirah Bay Island, Dubai Hills Estate, and Emirates Hills.


Apartments Vs. Villas Comparison



Total Property Sale Transaction

  Capital Growth Rate

  March 2024 Vs. March 2023

  Sale Values




  AED 19.3B




  AED 7.9 B

The share of Oqood transactions by developers during March 2024 was 14.9% by Emaar, Damac 10.9%, Azizi 6%, and Sobha 5.6% led the overall developer sales. Top off-plan locations transacted included projects in Jumeirah Village Circle 10.9%, Zabeel First 6%, Meydan One 5.7%, and Business Bay 5.6%. The most ready homes were sold in Jumeirah Village Circle at 9.3%, Business Bay at 7.4%, Dubai Marina at 6%, Downtown Dubai at 5.3%, and International City at 4.4%.

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