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 propertymonitor.ae and compiled by Laura Adams
For the full report please click here https://mailchi.mp/1b2797e92cdb/september-2019-dubai-property-market