Dubai Property Market September 2019

As previously reported the Dubai market has seen price adjustments in the past year or so which is now benefiting the sales across the Emirate in terms of sales transactions.

From 1st July 2018 – 8th September 2018 there were 2,499 off-plan sales and 2,576 secondary sales. 

In the same period this year, we have seen an increase in off-plan sales of 44% more transactions and in the secondary market an 26% increase.

Below you can see the price changes, by area, over the last 6 months.  If you would like to see the break down in more depth, month on month for a specific area please do not hesitate to contact me as some areas have seen a 0% decrease in the past month.

Dubai Current Sales Index

Area                                Av. AED PSQ.      Price Change last 6 months

Al Barari                                1,367                       0%
Al Furjan Apartments            778                          -5.89%
Al Furjan Villas                      697                          -7.73%
Arabian Ranches 2               880                          -5.76%
Business Bay                       1,231                        -8.34%
City Walk                              1,613                        -3.50%
Akoya Apartments                936                          -11.63%
Akoya Villas                          811                          -7.27%
DIFC                                     1,517                       -6.63%
Discovery Gardens              634                          -11.02%
Downtown                            1,950                       -8.90%
Dubai Marina                       1,366                        -7.89%
Dubai Sports City                 684                          -6.75%
Emirates Living Villas        1,317                        -6.49%
JBR                                     1,367                        -7.45%
JGE Villas                            1,235                        -6.91%
JVT Villas                           798                          -7.94%                  
JVC Apartments                  672                         -10.65%
Motor City Villas                  852                          -5.02%
Palm Jumeirah Apart          1,734                       -6.22%
PJ Garden Homes              2,198                       -8.60%
The Hills                             1,403                       -7.06%
The Villa                             660                          -8.40%
Town Sq Apartments          904                         -4.24%
Town Sq Townhouses        584                         -3.10%

The Property Monitor Index is based on sales and rental prices for average residential units in specific developments (buildings and villa sub-communities) in Dubai. The presentation above is a roll-up of the low-level data to a master community level. While the process for compiling these indices is robust, it is for information purposes only and any persons relying on this information do so at their own risk. 

If you would like more information on any of the data or information provided in this email or previous emails please do not hesitate to contact me.

data from and compiled by Laura Adams 

For the full report please click here

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