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

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

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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