Sign in
Sign up
Villa prices in upmarket areas of Dubai rose significantly in June 2022 as deals in the wider market remained close to historic highs. Average residential property prices increased by 10% in the year to June 2022, with apartment prices on average rising by almost 9% and villa prices up by 19%, according to CBRE's latest Dubai market report.
On a monthly basis, the prices of apartments in Dubai increased by 0.1%, while the prices of villas increased by more than 1%.
Areas such as Palm Jumeirah, Emirates Hills, District One and Dubai Hills showed growth of more than 4% on a monthly basis. June 2022 was the third month in a row when Palm Jumeirah prices increased by about 5% compared to May 2022.
In Palm Jumeirah, the highest price per square meter for villas is 3,365 dirhams.
According to CBRE, in the Dubai Silicon Oasis apartment segment, 3.6% growth was recorded in June 2022, while in Jebel Ali, the growth was about 4%. June 2022 was the highest month of sales in Dubai, amounting to about 23 billion dirhams ($6.2 billion), which is about 55% more year-on-year compared to June 2021, according to the Dubai Land Department. As of July 1, 71% of the total sales volume of 2021 was achieved.
