The Dubai real estate sector has continued to grow impressively in 2022 breaking records every quarter both with the value and volume of transactions. dubizzle’s Dubai annual sales market report for 2022 provides a detailed analysis of apartment and villa sales and the trends pertaining to property prices during 2022.
Dubai is counted among the most popular locations for property investment worldwide. You can find affordable apartments and villas, in addition to luxury apartments and villas in the emirate. Factors such as a comfortable lifestyle, high-end infrastructure, higher standard of living, economic stability, law and order situation, DLD initiatives, availability of e-services and chances to gain long-term residence have enhanced the overall demand (both local and foreign) for property in Dubai.
Chances of gaining maximum returns on investments and attractive investment policies make the city desirable for investors. For an in-depth review of the 2022 property sales market, we have segmented the report according to ‘affordable’ and ‘luxury’ areas to buy apartments and villas in Dubai.
To accurately represent the property prices in Dubai, our sales market report compares the average price-per-square-foot for an area, DLD transaction information and the ROI.
Please note that these prices are subject to change based on multiple key factors such as amenities available, the project developer and location.
Top Areas for Buying Apartments in Dubai
Following is an analysis of affordable and luxury apartments for sale in Dubai for 2022.
Top Affordable Areas for Buying Apartments in Dubai
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021 | STUDIO | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Jumeirah Village Circle (JVC) | ROI 6.90% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Dubai Silicon Oasis | ROI 7.52% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Jumeirah Lake Towers (JLT) | ROI 7.90% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| International City | ROI 9.19% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Dubai Residence Complex | ROI 6.61% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
According to consumer search trends, popular affordable areas for buying apartments in Dubai include Jumeirah Village Circle, Dubai Silicon Oasis, Jumeirah Lake Towers (JLT), International City and Dubai Residence Complex.
Jumeirah Village Circle (JVC)
Users have searched for Jumeirah Village Circle (JVC) the most when looking for affordable apartments for sale in Dubai. With an average sales price of AED 780k and ROI of 6.9%, the family-friendly residential area is in proximity to other popular residential areas, malls, educational institutes, supermarkets and other facilities.
- The average sales price-per-square-foot for JVC apartments has recorded an increase of 12.15% in 2022.
- The asking price for studio apartments for sale in JVC has averaged AED 447k while the average price for 1-bed and 2-bed apartments was AED 723k and AED 1.12M, respectively.
Dubai Silicon Oasis (DSO)
With an average sales price of AED 636k and ROI of 7.52%, Dubai Silicon Oasis (DSO) has ranked second in the list of affordable flats for sale in Dubai. The family-friendly area, located on Sheikh Mohammed Bin Zayed Road (E311) and Dubai Al-Ain Road (E66), is home to several apartment buildings.
- The average sales price-per-square-foot of apartments has recorded an increase of 10.88% in 2022.
- The asking prices of apartments for sale in Dubai Silicon Oasis have increased. The price for studio apartments averaged at AED 344k, and the price for 1-bed and 2-bed apartments averaged at AED 480k and AED 863k, respectively.
Jumeirah Lake Towers (JLT)
Jumeirah Lake Towers (JLT) has ranked third in the list of top 5 areas to buy an affordable apartment in Dubai. With an average price of AED 1.24M and an ROI of 7.9%, JLT is a popular mixed-use community.
Situated around four man-made lakes near Dubai Marina, the area offers a range of amenities, schools, clinics, malls and restaurants.
- The average sales price-per-square-foot of apartments has recorded an increase of 14.15% in 2022.
- The asking prices of apartments for sale in JLT have increased. The price of studio apartments averaged at AED 514k, while the price for 1-bed and 2-bed apartments averaged at AED 883k and AED 1.42M, respectively.
International City
International City has ranked fourth among Dubai's most popular areas for buying affordable apartments. With an average price of AED 358k and an ROI of 9.19%, the area is popular for its multicultural vibe with 10 country-themed clusters.
Though the area is situated on the outskirts of Dubai, it is in proximity to Academic City, which makes it ideal for university students. International City is also home to several malls, educational institutions and healthcare facilities.
- The average sales price-per-square-foot of apartments for sale in International City has recorded an increase of 5.75% in 2022.
- The asking price of studio apartments averaged at AED 230k, AED 330k for 1-bed apartments and AED 699k for 2-bed flats.
Dubai Residence Complex
Dubai Residence Complex has ranked fifth in the list of most popular areas for buying affordable apartments in Dubai. With an average price of AED 568k and an ROI of 6.61%, the area is popular for its modern apartments.
The area is home to reputable schools and nurseries, along with a number of retail outlets, supermarkets and restaurants.
- In 2022, the average sales price-per-square-foot of apartments for sale in Dubai Residence Complex has recorded an increase of 13.15%.
- The price for studio apartments for sale in Dubai Residence Complex averaged at AED 313k, while the average prices for 1-bed and 2-bed apartments were AED 496k and AED 653k, respectively.
DLD Transaction Information for Affordable Apartments for Sale in Dubai
Location | Avg. Transaction Price | Change from 2021 |
|---|---|---|
Location Jumeirah Village Circle (JVC) | Avg. Transaction Price 658,099 | Change from 2021 6.56% |
Location Dubai Silicon Oasis | Avg. Transaction Price 489,847 | Change from 2021 0.61% |
Location Jumeirah Lake Towers (JLT) | Avg. Transaction Price 1,192,223 | Change from 2021 8.97% |
Location International City | Avg. Transaction Price 366,449 | Change from 2021 -12.85% |
Location Dubai Residence Complex | Avg. Transaction Price NA | Change from 2021 NA |
Data shown in the table depicts the percentage change in prices of the affordable apartments for sale in Dubai from 2021 to 2022. This data has been sourced from DLD.
Top Luxury Areas For Buying Apartments in Dubai
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021 | STUDIO | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Dubai Marina | ROI 6.99% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Business Bay | ROI 5.67% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Downtown Dubai | ROI 6.27% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Palm Jumeirah | ROI 5.38% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Jumeirah Beach Residence | ROI 5.5% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
According to consumer search trends in 2022, popular luxury areas for buying apartments in Dubai include Dubai Marina, Business Bay, Downton Dubai, Palm Jumeirah and Jumeirah Beach Residence.
Dubai Marina
With an average price of AED 1.92M and an ROI of 6.99%, Dubai Marina has been the most popular area for buying luxury apartments in Dubai.
The area is popular for luxury skyscrapers, urban waterfront living, dining and entertainment options. Dubai Marina is home to a number of supermarkets, schools, healthcare facilities, fitness centres, outdoor activities, mosques and malls, among other facilities.
- The average sales price-per-square-foot of apartments for sale in Dubai Marina has recorded an increase of 18.78% in 2022.
- AED 845k was the average price for studio apartments, AED 1.24M for 1-bed and AED 2.06M for 2-bed apartments.
Business Bay
Business Bay has ranked second among the most popular areas for buying luxury apartments in Dubai. With an average price of AED 1.61M and an ROI of 5.67 %, the area is popular for its prime location close to Downtown Dubai, Dubai Design District and World Trade Centre.
- The average sales price-per-square-foot of luxury apartments for sale in Business Bay has recorded an increase of 22.77%.
- The asking price for studio apartments in 2022 averaged at AED 835k, while average prices were AED 1.26M for 1-bed and AED 2.03M for 2-bed apartments.
Downtown Dubai
According to Dubai annual sales real estate market report 2022, Downtown Dubai has ranked third among the most popular areas for buying luxury apartments in Dubai. With an average price of AED 2.98M and an ROI of 6.27 %, the area is popular due to its iconic landmarks such as Burj Khalifa, the famous Dubai Mall and Dancing Fountains.
Properties in Downtown Dubai including apartments, offer world-class amenities and a luxurious lifestyle.
- The average sales price-per-square-foot of luxury apartments for sale in the downtown has recorded an increase of 13.83%.
- AED 1.18M was recorded as the average price for studio apartments in 2022, AED 1.73M for 1-bed apartments and AED 3.17M for 2-bed flats.
Palm Jumeirah
Palm Jumeirah has ranked fourth in the list of top 5 areas for buying luxury apartments in Dubai. With an average price of AED 3.65M and an ROI of 5.38%, it has remained a highly sought-after location.
The area is home to an impressive range of luxury villas, apartments, townhouses, and hotels.
- The average sales price-per-square-foot of luxury apartments for sale has recorded an increase of 15.52%.
- The asking prices of studio apartments for sale in Palm Jumeirah in 2022 averaged at AED 1.43M in 2022, while the average price of AED 2.66M was recorded for 1-bed and AED 3.48M for 2-bed apartments.
Jumeirah Beach Residence (JBR)
For luxury apartments in Dubai, Jumeirah Beach Residence has ranked fifth with an average price of AED 2.67M and an ROI of 5.50 %. Popular landmarks in the area include The Walk and The Beach.
Moreover, JBR is home to several schools, supermarkets, mosques, churches, temples, healthcare facilities, restaurants, malls and beaches, among other facilities.
- The average sales price-per-square-foot of luxury apartments has recorded an increase of 10.92%
- The asking price for studio apartments for sale in JBR in 2022 averaged at AED 1.22M. Whereas it was AED 1.98M for 1-bed apartments and AED 2.78M for 2-bed apartments.
DLD Transaction Information for Luxury Apartments for Sale in Dubai
Location | Avg. Transaction Price | Change from 2021 |
|---|---|---|
Location Dubai Marina | Avg. Transaction Price 1,583,264 | Change from 2021 1.16% |
Location Business Bay | Avg. Transaction Price 1,413,446 | Change from 2021 -0.57% |
Location Downtown Dubai | Avg. Transaction Price 2,355,635 | Change from 2021 8.16% |
Location Palm Jumeirah | Avg. Transaction Price 3,824,687 | Change from 2021 26.92% |
Location Jumeirah Beach Residence | Avg. Transaction Price 2,607,030 | Change from 2021 14.72% |
Data shown in the table depicts the percentage change in prices of luxury apartments for sale in Dubai from 2021 to 2022. This data has been sourced from DLD.
Top Areas for Buying Villas in Dubai
Following is an analysis of affordable and luxury villas for sale in Dubai for 2022.
Top Affordable Areas For Buying Villas in Dubai
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| DAMAC Hills 2 | ROI 5.56% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Dubailand | ROI 6.13% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Jumeirah Village Circle (JVC) | ROI 6.82% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Al Furjan | ROI 5.82% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Damac Lagoons | ROI NA | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
| Not available due to low/no historical inventory or influx of off-plan properties |
According to consumer search trends in 2022, popular areas for buying affordable villas in Dubai include DAMAC Hills 2, Dubailand, Jumeirah Village Circle, Al Furjah and DAMAC Lagoons.
DAMAC Hills 2 (Akoya by DAMAC)
DAMAC Hills 2 (Akoya by DAMAC) has ranked first among the most popular areas for buying affordable villas in Dubai. With an average price of AED 1.39M and an ROI of 5.56 %, the area is highly preferred by people seeking a tranquil lifestyle. The eco-friendly area is home to healthcare facilities, clinics, hotels, schools and malls, among other facilities.
- The average sales price-per-square-foot of affordable villas in Damac Hills 2 has recorded an increase of 10.22% in 2022.
- The asking prices of villas for sale have increased. The price averaged at AED 1.12M for 3-bed villas in 2022, the price for 4-bed villas averaged at AED 1.43M and the price for 5-bed villas averaged at AED 1.89M.
Dubailand
With an average price of AED 2.11M and an ROI of 6.13 %, Dubailand has ranked second among the most popular areas for buying affordable villas in Dubai.
It is considered a family-friendly environment with several schools, clinics, hospitals, supermarkets, churches, temples, mosques and malls, among other facilities.
- The average sales price-per-square foot of affordable villas has recorded an increase of 14.64% in 2022
- The asking prices of villas for sale in Dubailand have increased. The price of 3-bed villas averaged at AED 1.70M in 2022, the price for 4-bed villas averaged at AED 2.19M and the price of 5-bed villas averaged at AED 4.04M.
Jumeirah Village Circle (JVC)
Jumeirah Village Circle has ranked third with an average price of AED 2.32M and an ROI of 6.82 %. JVC boasts a number of schools, nurseries, universities, churches, mosques, temples, clinics and hospitals.
- The average sales price-per-square-foot of affordable villas in JVC has recorded an increase of 16.47%.
- The asking prices of villas for sale in JVC have increased. The price for 3-bed villas in 2022 averaged at AED 1.86M in 2022, while it was AED 2.39M for 4-bedroom villas and AED 2.87M for 5-bed villas.
Al Furjan
With an average price of AED 3.19M and an ROI of 5.82 %, Al Furjan has ranked fourth among the most popular areas for buying affordable villas in Dubai. The area is home to schools, universities, churches, temples, mosques, hospitals and clinics, malls, restaurants and hotels, among other facilities.
- The average sales price-per-square-foot has recorded an increase of 13.04%.
- The asking prices of villas for sale in Al Furjan have increased. The price for 3-bed villas averaged at AED 2.38M in 2022, the price for 4-bed villas averaged at AED 3.17M and for 5-bed villas, it was AED 4.65M.
DAMAC Lagoons
DAMAC Lagoons has ranked fifth with an average price of AED 2.52M, the area is home to a number of schools, healthcare facilities, amenities, restaurants, hotels and malls.
- The average sales price-per-square-foot of affordable villas has recorded an increase of 6.14%.
- The asking prices of villas for sale have increased. The price for 3-bed villas averaged at AED 1.54M in 2022, the price for 4-bed villas averaged at AED 1.76M and the price for 5-bedroom villas averaged at AED 2.55M.
DLD Transaction Information for Affordable Villas for Sale in Dubai
Location | Avg. Transaction Price | Change from 2021 |
|---|---|---|
Location DAMAC Hills 2 | Avg. Transaction Price 1,253,266 | Change from 2021 4.28% |
Location Dubailand | Avg. Transaction Price 2,191,356 | Change from 2021 1.95% |
Location Jumeirah Village Circle (JVC) | Avg. Transaction Price 1,970,551 | Change from 2021 8.13% |
Location Al Furjan | Avg. Transaction Price 2,760,852 | Change from 2021 8.72% |
Data shown in the table depicts the percentage change in prices of the affordable villas for sale in Dubai from 2021 and 2022. This data has been sourced from DLD.
Top Luxury Areas For Buying Villas in Dubai
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| DAMAC Hills | ROI 6.88% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Dubai Hills Estate | ROI 5.70% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Arabian Ranches | ROI 5.83% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Palm Jumeirah | ROI 4.63% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Jumeirah Park | ROI 6.00% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
According to consumer search trends, DAMAC Hills, Dubai Hills Estate, Arabian Ranches, Palm Jumeirah and Jumeirah Park have been searched the most by users interested in buying luxury villas in Dubai in 2022.
DAMAC Hills
DAMAC Hills has ranked first among the most popular areas for buying luxury villas in Dubai. With an average price of AED 4.72M and an ROI of 6.88%, the area is home to schools, clinics, malls, restaurants and hotels, among other facilities.
- The average price-per-square-foot of luxury villas has recorded an increase of 16.56%.
- The asking prices of villas for sale have increased. The price for 3-bedroom villas averaged AED 2.52M in 2022, the price for 4-bedroom villas averaged at AED 2.91M and the price for 5-bedrooms villas averaged at AED 5.41M.
Dubai Hills Estate
Dubai Hills Estate has ranked second among the most popular areas for buying luxury villas in Dubai. With an average price of AED 9.12M and an ROI of 5.70%, the area is home to supermarkets, schools, universities, churches, temples, mosques, hospitals and clinics, among other facilities.
- The average sales price-per-square-foot of luxury villas recorded a percentage change increase of 28.63%.
- The asking prices of villas for sale have increased. The price for 3-bed villas averaged at AED 4.28M in 2022, while 4-bed villas and 5-bed villas were priced AED 5.24M and AED 10.1M, respectively.
Arabian Ranches
An average price of AED 5.19M and an ROI of 5.83% has ranked Arabian Ranches third in the list of top 5 areas for buying luxury villas in Dubai. The area is home to a number of amenities, schools, healthcare facilities, malls, restaurants, notable landmarks and places offering leisure activities, among other facilities.
- The average sales price-per-square-foot of luxury villas in Arabian Ranches has recorded an increase of 5.87%.
- The asking prices of villas for sale in Arabian Ranches have increased. The price of 3-bed villas averaged at AED 2.99M in 2022, while the price of a 4-bed was AED 4.49M and the average price of 5-bed villas was AED 6.56M.
Palm Jumeirah
With an average price of AED 29.3M and an ROI 4.63%, Palm Jumeirah has ranked fourth. Among other facilities, the area is home to known hotels such as Atlantis The Palm, amenities, schools, healthcare facilities, churches, temples and mosques.
- The average sales price-per-square-foot of luxury villas has recorded an increase of 31.38%.
- The asking prices of villas for sale in Palm Jumeirah have increased. The price of 3-bed villas averaged at AED 24.2M in 2022, the price for 4-bed villas averaged at AED 17.2M and the price for 5-bedroom villas averaged at AED 37.1M.
Jumeirah Park
Jumeirah Park has ranked fifth with an average sales price of AED 5.19M and an ROI of 6.00% in 2022.
- The average sales price-per-square-foot of luxury villas has recorded an increase of 4.74%.
- The asking prices of villas for sale in Jumeirah Park have increased. The price of 3-bed villas averaged at AED 4.37M in 2022. Whereas, the price for 4-bed and 5-bed villas averaged at AED 5.20M and AED 7.31M.
DLD Transaction Information for Luxury Villas for Sale in Dubai
Location | Avg. Transaction Price | Change from 2021 |
|---|---|---|
Location DAMAC Hills | Avg. Transaction Price 3,986,927 | Change from 2021 14.26% |
Location Dubai Hills Estate | Avg. Transaction Price 5,426,562 | Change from 2021 33.82% |
Location Arabian Ranches | Avg. Transaction Price 4,936,137 | Change from 2021 17.20% |
Location Palm Jumeirah | Avg. Transaction Price 22,211,677 | Change from 2021 26.19% |
Location Jumeirah Park | Avg. Transaction Price 4,469,054 | Change from 2021 10.68% |
Data shown in the table depicts the percentage change in prices of the luxury villas for sale in Dubai from 2021 to 2022. This data has been sourced from DLD.
Commenting on the findings, Haider Ali Khan, the CEO of Bayut & dubizzle and the Head of EMPG MENA said:
“Dubai has always been an attractive city when it comes to real estate investment amongst residents as well as international investors, however, 2022 broke many records when it comes to property transactions unlike a lot of other global metropoles. Dubai, with its bespoke offerings of remarkable project handovers and lifestyle, never disappoints and has only exceeded expectations in 2022 as well.
dubizzle has also witnessed a similar outlook with traffic, recording all time highs on the platform. We’ve always been the UAE’s favourite classifieds and for the past couple of years, we’ve invested heavily in our proptech solutions not only making things easier for our property clients but also looking at the best interest of our users. We have also been working closely with the DLD to ensure accuracy coupled with our own launch of Verified Properties on the portal to help all dubizzlers find true and available properties on dubizzle. The road ahead is definitely exciting and we will continue to do our part to push the boundaries and provide a holistic experience for property seekers interested in the city, in line with visionary leadership goals of the Dubai government.”
That concludes our Dubai annual sales market report for 2022. To better understand the rental sector, go through our annual 2022 Dubai Rental Market Report.
Stay tuned to UAE’s leading property blog for more information on property trends in the UAE.
Disclaimer: The above Dubai sales real estate market report (MKT RPT YE 2022) is based on property prices listed for for sales on dubizzle.com, and is not representative of actual real estate transactions conducted in the Emirate, excluding figures based on DLD data.
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