Close Menu
Dubai.News: Stay Updated With The Latest UAE & Global News
  • World
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • How to in Dubai
  • About Us
What's Hot

Mariah Carey Set to Return to Abu Dhabi for Saadiyat Nights 2026

October 23, 2025

OpenAI Launches ChatGPT Atlas — A Revolutionary AI-Powered Web Browser

October 22, 2025

Al Ameen Forum 2025 Highlights UAE’s Vision for Community Security and Cultural Resilience

October 22, 2025
Facebook X (Twitter) Instagram
Dubai.News: Stay Updated With The Latest UAE & Global News
Facebook X (Twitter) Instagram
  • World
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • How to in Dubai
  • About Us
Dubai.News: Stay Updated With The Latest UAE & Global News
  • Home
  • UAE
  • Middle East
  • World
  • Entertainment
Dubai.News » Home - Real Estate - Dubai Real Estate Market Sees Strong Growth in July 2024, Led by Villa Price Surge
Real Estate

Dubai Real Estate Market Sees Strong Growth in July 2024, Led by Villa Price Surge

Dubai's property market records a 28.5% annual growth, with villas outpacing apartment price gains.
Ra'uf Asim RahalBy Ra'uf Asim RahalAugust 19, 20243 Mins Read
Share this post Facebook Twitter WhatsApp Email LinkedIn Telegram
arabianbusiness

What To Know

  • Both indices start in January 2021 using a base index of 100, thus providing a picture of the high number of times prices have been raised in the last couple of years.
  • Some of the communities recorded the highest volume of transactions ever, and this was particularly witnessed in the likes of Dubai Hills Estate and Dubailand Residence Complex, whereby the relative month reflected the highest retail of off-plan homes.
  • Dubai property market remains in an upward trajectory tailored by high demand for homes in existing neighborhoods as well as new project with villas remaining the most sought after.

Residential property market in Dubai continue to rise in month of July 2024 proving aggressive demand and investment in property sector of Dubai. New data evaluating the South African market shared by ValuStrat has shown that monthly increase is 2. 2% and Market VPI is 178. 2 – 28. 5% higher than the data recorded in the previous year.

Once again, more points were scored in the villa segment than in the apartment segment, with the villa sub-index reaching 232. 1 points to the apartment index’s 149. 6 points. Both indices start in January 2021 using a base index of 100, thus providing a picture of the high number of times prices have been raised in the last couple of years.

To this regard, the report pointed out that no less than three quarters of all freehold villa communities across Dubai have already risen more than double its value within the last four years alone. However, only the apartments in Palm Jumeirah have a similar increase and that goes to show that there is a continual demand for luxury villa.

As for the comparison of some of the communities’ annual rates of appreciation, it was possible to observe truly impressive increases in the capital. Lead overall in the apartment segment was Discovery Gardens with a growth rate of 34. 6% Then followed the Greens with growth rate of 34. 1%. In the villas’ case, the greatest proportion increase was in Palm Jumeirah at 42. 9%, while the one in Jumeriah Islands was a little lower at 42. 7%.

The market was influenced by off-plan sales The market upswing was largely driven by of plan sales. Oqood (contract) registration for off-plan buildings and individual villas and apartments increased by 59. 6% when comparing the points of sale year by year, and by 40. 6% comparing the points of sales between the months of July and June respectively while off-plan transactions contributed to 68. 5% of total transaction volumes in July. This rise proves that there is still a steady interest by investors in the Dubai property market and its outlook.

By market share, the leading developers were Emaar Properties PJSC with 20. 3% for the total sales and Damac Properties with 7. 2 %. Some of the communities recorded the highest volume of transactions ever, and this was particularly witnessed in the likes of Dubai Hills Estate and Dubailand Residence Complex, whereby the relative month reflected the highest retail of off-plan homes.

In conclusion, Dubai property market remains in an upward trajectory tailored by high demand for homes in existing neighborhoods as well as new project with villas remaining the most sought after.

Related news:

Dubai Real Estate Sees Surge in Mortgage Activity, Reaching 14-Month High Dubai Real Estate: Top Residential and Commercial Areas for Growth Revealed Dubai Property Buyers to Face 6% Upfront Costs Starting February 1 Dubai Uses AI to Monitor Over 279,000 Real Estate Listings
Share. Facebook Twitter WhatsApp Email Copy Link
Previous ArticleOman Braces for Heavy Rain and Flash Floods: Weather Alert Issued for August 19-21
Next Article Kalki 2898 AD to Premiere Simultaneously on Prime Video and Netflix Globally
Ra'uf Asim Rahal

Related Posts

Al Ameen Forum 2025 Highlights UAE’s Vision for Community Security and Cultural Resilience

October 22, 2025
Read More

FABEN ART – “Achievements of Love” Exhibition Brings a Wave of Emotion to Dubai

October 21, 2025
Read More

Diwali 2025: Dubai’s Hindu Temple and Gurudwara Expect 50,000 Devotees During Festive Week

October 20, 2025
Read More

Ejari and DEWA Connection: How They Work Together in Dubai (2025 Guide)

October 18, 2025
Read More
Don't Miss
Event

Mariah Carey Set to Return to Abu Dhabi for Saadiyat Nights 2026

Abu Dhabi’s winter entertainment calendar just got brighter — global icon Mariah Carey is officially…

Read More

OpenAI Launches ChatGPT Atlas — A Revolutionary AI-Powered Web Browser

October 22, 2025

Al Ameen Forum 2025 Highlights UAE’s Vision for Community Security and Cultural Resilience

October 22, 2025

Amazon Launches Ultra-Fast 15-Minute Delivery Service Across UAE

October 21, 2025
Just In

FABEN ART – “Achievements of Love” Exhibition Brings a Wave of Emotion to Dubai

October 21, 2025

Diwali 2025: Dubai’s Hindu Temple and Gurudwara Expect 50,000 Devotees During Festive Week

October 20, 2025

Ejari and DEWA Connection: How They Work Together in Dubai (2025 Guide)

October 18, 2025

Setting Up Utilities When You Move Into a New Home in Dubai (2025 Guide)

October 18, 2025

Subscribe to Updates

Get the latest updates from Dubai News.

Explore

UAE

  • Crime
  • Education
  • Emergencies
  • Expo City Dubai
  • Environment
  • Government
  • Legal
  • Transport
  • Weather
  • Opinion

World

  • Africa
  • Asia
  • Americas
  • Europe
  • Gulf
  • MENA

Business

  • Auto
  • Aviation
  • Corporate
  • Economy
  • Energy
  • Finance
  • Markets
  • Property
  • Tech
  • Cryptocurrency
  • Telecom

Sports

  • Cricket
  • Football
  • F1
  • Golf
  • Horse Racing
  • Tennis
  • Local Sports

Entertainment

  • Gaming
  • Movies
  • OTT
  • Music
  • Local Events
  • Things to do in UAE
About Us

Dubai.News is an independent media platform dedicated to capturing the pulse of Dubai — from innovation and finance to culture, lifestyle, and global influence.

Our mission is to tell the stories shaping the world’s most dynamic city — connecting its vision to readers across the Middle East, Africa, and beyond.

Facebook X (Twitter) Instagram
Dubai.News: Stay Updated With The Latest UAE & Global News
  • Home
  • UAE
  • Middle East
  • World
  • Entertainment
A Fame By Sheeraz INC. Media Company. 8367 West Sunset Blvd, West Hollywood, CA 90069

Type above and press Enter to search. Press Esc to cancel.