- Popular Areas to Buy Luxury Apartments
- Top Areas to Buy Luxury Villas
- Popular Areas to Buy Mid-Tier Apartments
- Top Areas to buy Mid-Tier Villas
- Popular Areas to Buy Affordable Apartments
- Top Areas to Buy Affordable Villas
Dubai’s real estate sector has wrapped up yet another remarkable year. Talk of the town around the globe, Dubai’s property market has experienced anticipated yet unprecedented growth in 2024. Overall sales transactions amounting to a total of AED 522.46B in 2024 show how the sector has firmly established its place on the global stage.
Many landmark developments in Dubai have been preliminary for the rise of the property market. Al Maktoum Airport, the world’s most expensive airport, is under development in Dubai. It will provide the largest capacity for any airport. Owing to the enormous area covered, many areas will now enjoy proximity to the airport – increasing property demand. Proximity to public transport also adds appeal to an area. Consequently, the development of Dubai Metro Blue Line has been instrumental for the surge in property value as well. Dubai remains a huge attraction point for investment and residence alike. The emirate experienced a 4.50% increase in population in 2024. This diversified population also included investors, leading to a surge in property demand.
Lowered interest rates have been a key factor in rise in property demand. They have encouraged more people to apply for property mortgages. Similarly, the expansion of freehold areas in Dubai has been pivotal in attracting more foreign investment, resulting in a notable increase in property demand and value. Mega developments like Palm Jebel Ali have also attracted buyers and investors from around the world. The man-made archipelago has also increased property value in the nearby areas.
Implementation of Dubai 2040 Urban Master Plan has also targeted eco-conscious buyers. As part of the plan, Dubai gets more green spaces and leisure facilities – adding more appeal to the surrounding areas.
Off-plan properties have been instrumental in the rapid market growth. Strict government policies have played a key role in promoting the off-plan market segment. From providing an easy process to handle delayed off-plan property handover to providing information regarding the legitimacy of projects, all these factors have enhanced investors’ trust in the market. Off-plan property transactions amounting to 254.46B in 2024 are a depiction of the increasing investors’ interest.
UAE’s leading real estate platform, dubizzle stands at the forefront providing unparalleled services to property seekers. Based on findings from dubizzle data, property prices have witnessed an increase across the emirate.
Here are some key takeaways based on the property listings and search trends on the dubizzle platform.
- The average sales price for apartments has increased for nearly all areas in the affordable, mid-tier and luxury segment.
- Dubai Investment Park has the highest ROI of 9.98% for apartments in the affordable segment while Living Legends has taken the mantle in the mid-tier segment with an ROI of 11.16%. For luxury apartments, Green Community has the highest ROI of 8.48%.
- For affordable, mid-tier and luxury villas, the average sales price has increased in the majority of areas.
- In the luxury villas category, Al Barari has stood tall with an ROI of 7.39%. Meanwhile, Liwan (12.41%) and Jumeirah Village Circle (JVC) (7.70%) had the highest ROI in the affordable and mid-tier villa segment respectively.
In dubizzle’s Dubai Annual Property Sales Report 2024, we have divided the property segments into affordable, mid-tier and luxury categories. We have overviewed the average per-square-foot prices and average sales prices in the popular areas and have drawn a comparison with the same for the last year.
POPULAR AREAS TO BUY LUXURY PROPERTIES IN DUBAI
The asking prices for properties in the luxury areas have witnessed notable increases. Meticulous property designs complemented by a range of world-class amenities and nearby attractions have contributed to this growing demand for these luxury properties. Additionally, attractive ROIs make these areas highly appealing for investors from around the world.
TOP AREAS FOR BUYING LUXURY APARTMENTS IN DUBAI
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023 | TRANSACTION PRICE Avg. PriceChange from 2023 | 1-Bed | 2-Bed | 3-Bed |
|---|---|---|---|---|---|---|
| Dubai Marina | ROI 6.28% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
| Downtown Dubai | ROI 5.93% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
| Palm Jumeirah | ROI 4.44% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
| Dubai Creek Harbour | ROI 6.36% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
| Jumeirah Beach Residence (JBR) | ROI 5.48% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
As per dubizzle data, Dubai Marina, Downtown Dubai and Palm Jumeirah have emerged as the top luxury areas for apartments. Compared to 2023, the overall average sales prices in the top areas have increased by 10% in 2024.
DUBAI MARINA
The man-made marina has garnered worldwide attention ever since its inception in 2003. Skyrocketing towers provide mesmerising views of the iconic Dubai skyline. These opulent complexes also boast a range of world-class amenities – making the area an instant attraction for home seekers and investors alike.
The asking price for apartments in Dubai Marina has been recorded at AED 2.55M with a 6.28% ROI. Projects like Marina Star and The Jewels among several others have contributed to the significant increase in property value for all bed types in Dubai Marina. Infrastructural developments like road expansions have been key to this increased demand.
- The per-square-foot price for apartments in Dubai Marina has averaged AED 2,062 after a significant 15.03% increase.
- The asking prices for 1, 2 and 3-bedroom apartments for sale in Dubai Marina have averaged AED 1.67M, AED 2.77M and AED 4.50M, respectively.
- According to DLD data, the average sales price for apartments in Dubai Marina has risen by 12.3%.
DOWNTOWN DUBAI
The vibrant Downtown Dubai neighbourhood has also emerged as a top choice for buying luxury apartments in Dubai. Home to several iconic landmarks such as Burj Khalifa, Dubai Fountain and Dubai Mall, the area has remained a residential and investment hotspot. An array of fine dining options and world-class shopping outlets add more allure to this neighbourhood.
In 2024, the price for apartments in Downtown Dubai has averaged AED 3.83M, offering a 5.93% ROI. For Downtown Dubai, projects like The Address Residence Sky View, Burj Royale, Kempinski The Boulevard and Mon Reve have experienced an increase in prices – owing to the ongoing developments and facilities available nearby.
- Experiencing a notable 10.95% uptick, the per-square-foot price for apartments in Downtown Dubai has averaged AED 3,001.
- Following a rise of 11.04%, 14.79% and 14.85% for 1, 2 and 3-bedroom apartments in Downtown Dubai, the sales prices of these units have been recorded at AED 2.20M, AED 4,01M and AED 6.86M, respectively.
- DLD transactions for flats in Downtown Dubai have experienced a significant increase of 18.2%.
PALM JUMEIRAH
Famously termed the eighth wonder of the world, Palm Jumeirah stands tall as a symbol of upscale living. The gigantic manmade archipelago is home to a range of apartment buildings that come equipped with top-class lifestyle amenities. Moreover, the area remains a must-visit for all who travel to Dubai.
With a decent ROI of 4.44%, the price of apartments in the area has averaged AED 6.28M.
- The average per-square-foot price for apartments in Palm Jumeirah has been recorded at AED 3,603 following a 4.93% increase.
- As for the 1, 2 and 3-bed flats, the sale prices have averaged AED 3,34M, AED 6.03M and AED 12.81M, respectively.
- The average sale price for flats in Palm Jumeirah has been recorded at AED 4,454,929 as per the DLD data.
Dubai Creek Harbour has secured the fourth spot as the most popular area for buying luxury apartments. Flats for sale in Dubai Creek Harbour have boasted an average price of AED 2.72M with a formidable 6.36% ROI.
Ranked fifth, the price for apartments in Jumeirah Beach Residence averaged AED 3.30M offering an ROI of 5.48%%.
AREAS WITH THE BEST ROI FOR LUXURY APARTMENTS IN DUBAI IN 2024
| Area | ROI |
| Green Community | 8.48% |
| Al Barari | 7.87% |
| DAMAC Hills | 7.52% |
| Dubai Hills Estate | 7.25% |
| Jumeirah Golf Estates | 7.24% |
Green Community has offered the best ROI (8.48%) for luxury apartments in Dubai. Nestled in Dubai Investment Park, the eco-friendly community offers a serene living environment in an ideal city location.
Next on the list are Al Barari and DAMAC Hills with 7.87% and 7.52% ROIs respectively. Beautifully crafted complexes alongside an array of top-class amenities have made these communities highly desirable for home seekers and investors alike.
TOP AREAS FOR BUYING LUXURY VILLAS IN DUBAI
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023 | TRANSACTION PRICE Avg. PriceChange from 2023 | 4-Bed | 5-Bed | 6-Bed |
|---|---|---|---|---|---|---|
| Dubai Hills Estate | ROI 4.62% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
| Palm Jumeirah | ROI 3.88% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
| DAMAC Hills | ROI 5.82% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
| Mohammed Bin Rashid City | ROI 5.37% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
| Jumeirah Park | ROI 4.99% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
Luxury villas have also remained a popular residential and investment choice in Dubai. As per dubizzle data, Dubai Hills Estate, Palm Jumeirah and DAMAC Hills have emerged as the popular choices for buying luxury villas.
DUBAI HILLS ESTATE
A haven for families, Dubai Hills Estate lies in proximity to retail outlets, well-known schools and healthcare facilities. Additionally, the community houses an array of facilities – promising an idyllic contemporary lifestyle.
The asking price for villas in Dubai Hills Estate averaged AED 16.06M with an ROI of 4.62%.
- The price per square foot for villas has increased to AED 2,435, indicating a rise of 14.83%.
- 4 and 5-bedroom villas have recorded average sales prices of AED 7.62M and AED 20.18M, respectively. Meanwhile, the price for 6-bedroom villas has averaged AED 36.92M in 2024.
- As per DLD data, the price for villas in Dubai Hills Estate has experienced a significant increase of 30.6%.
PALM JUMEIRAH
Forming the shape of a palm tree, this collection of islands provides an unrivalled living experience in Dubai. The area conveniently qualifies as a top destination for luxury living. Palm Jumeirah boasts a stunning collection of villas – matching the high stature of the area.
Investors have shown interest in Palm Jumeirah due to its upscale lifestyle. In 2024, the average price for villas in Palm Jumeirah has been recorded at AED 40.50M alongside a 3.88% ROI.
- Villas for sale have reported an average price per square foot of AED 5,392 after an upward tick of 13.23% from 2023.
- The prices for 4, 5 and 6-bedroom villas for sale in Palm Jumeirah have averaged AED 30.62, AED 44.59M and AED 65.07M, respectively.
- DLD transactions for villas in Palm Jumeirah have increased by 7.76% in 2024.
DAMAC HILLS
Promising a serene lifestyle in an idyllic location, DAMAC Hills has attained the third spot on the list of top areas to buy luxury villas in Dubai. The area is home to numerous villas that boast spacious layouts and a range of facilities.
The sales price for villas in DAMAC Hills has averaged AED 7.71M with an ROI of 5.82%.
- Villas for sale in DAMAC Hills have reported an average price per square foot of AED 1,522, showing an increase of 16.54% from 2023.
- In 2024, the average sales price for 4-bed villas has amounted to AED 3.62M. Meanwhile, the prices for 5 and 6-bed villas have averaged AED 7,97M and AED 18.40M, respectively.
- As per DLD data, the cost of villas for sale in DAMAC Hills has risen by 7.46% in 2024.
Mohammed Bin Rashid City and Jumeirah Park have also garnered attention as popular luxury areas for buying villas in Dubai. The price for villas in Mohammed Bin Rashid City averaged AED 12.08M with a 5.37% ROI. For Jumeirah Park, the average price for villas has been recorded at AED 8.72M along with a 4.99% ROI.
AREAS WITH THE BEST ROI FOR LUXURY VILLAS IN DUBAI IN 2024
| Area | ROI |
| Al Barari | 7.39% |
| The Sustainable City | 6.73% |
| Dubai Sports City | 6.52% |
| The Valley by Emaar | 6.50% |
| Jumeirah Golf Estates | 6.39% |
As per dubizzle data, Al Barari had garnered huge attention for villas. The area has delivered an impressive ROI of 7.39% – the highest in the luxury villas segment. The green community has amassed huge attention because of the eco-conscious luxury living environment.
Next on the list are The Sustainable City and Dubai Sports City. ROI in these communities has been recorded at 6.73% and 6.52% respectively. The Sustainable City stands tall as a model for future communities and eco-friendly living. While Dubai Sports City with its sports facilities has remained a huge pull for investors and residents.
POPULAR AREAS TO BUY MID-TIER PROPERTIES IN DUBAI
Mid-tier properties have also remained in demand in Dubai. These properties offer an ideal blend of affordability and luxury.
TOP AREAS FOR BUYING MID-TIER APARTMENTS IN DUBAI
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023 | TRANSACTION PRICE Avg. PriceChange from 2023 | Studio | 1-Bed | 2-Bed |
|---|---|---|---|---|---|---|
| Jumeirah Village Circle (JVC) | ROI 7.55% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
| Business Bay | ROI 5.83% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
| Jumeirah Lake Towers (JLT) | ROI 6.60% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
| Al Furjan | ROI 8.37% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
| Jumeirah Village Triangle (JVT) | ROI 6.27% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
For mid-tier properties, investors have shown keen interest in Jumeirah Village Circle (JVC), Business Bay, Jumeirah Lake Towers (JLT), Al Furjan and Jumeirah Village Triangle (JVT). These areas have experienced an overall 14.00% increase in the sales price of apartments.
JUMEIRAH VILLAGE CIRCLE (JVC)
Jumeirah Village Circle (JVC) community is popular for its family-friendly environment and a wide range of facilities. Everyday essentials remain within the resident’s reach owing to the ideal location of the area.
With an average sales price of AED 1.12M, the area offers an estimated ROI of 7.55%. The area has witnessed price increases across all communities and bed types owing to its central location, recent developments and proximity to city hubs, malls, medical facilities and schools.
- The price per square foot of apartments in JVC has reported an average of AED 1,330, showing an uptick of 19.95% in 2024.
- Studios, 1-bed and 2-bed apartments have witnessed an increase in sales prices to AED 648k, AED 999k and AED 1.57M respectively.
- As per the DLD’s property transaction data, the average sales price of apartments in JVC has shown a 26.4% incline.
BUSINESS BAY
Dubai’s central business district, Business Bay has attained second position on the list of popular mid-tier areas for buying apartments. The high-rise apartment complexes in the area present breathtaking views of the Dubai Canal.
In 2024, flats for sale in Business Bay have reported an average selling price of AED 2.11M. Moreover, a formidable 5.83% ROI makes this neighbourhood more appealing to buyers.
- After an increase of 13.37%, the price per square foot of apartments has averaged AED 2,295.
- To buy a studio apartment investors have paid AED 1.09M on average. Meanwhile, the sales price of 1 and 2-bedroom flats has averaged AED 1.74M and AED 2.81M respectively.
- In 2023, DLD transactions have shown an appraised value of AED 1.60M for apartments in Business Bay after a 7.81% increase.
JUMEIRAH LAKE TOWERS (JLT)
The vibrant Jumeirah Lake Towers (JLT) community offers easy access to retail and shopping outlets. Moreover, the area is home to numerous entertainment activities – making it a big pull for individuals, families and investors alike.
The sales price for apartments in JLT has averaged AED 1.83M with a noteworthy 6.60% ROI. Property prices in JVT District 5 have seen the most notable rise in this neighbourhood owing to the new developments and infrastructure updates.
- The price per square foot of apartments in JLT has witnessed an increase averaging AED 1,731 in 2024.
- The sales prices for studios, 1 and 2-bed flats have averaged AED 874k, AED 1.49M and AED 2.24M, respectively.
- DLD has recorded a massive increase of 40.3% in the sales prices of apartments in the area.
Al Furjan and Jumeirah Village Triangle (JVT) have ranked fourth and fifth on the list of top mid-range areas for buying apartments in Dubai. The sales price for apartments in Al Furjan has averaged AED 1.31M with a notable 8.37% ROI. For flats in JLT, the average price has been recorded at AED 1.15M along with an ROI of 6.27%.
AREAS WITH THE BEST ROI FOR MID-TIER APARTMENTS IN DUBAI IN 2024
| Area | ROI |
| Living Legends | 11.16% |
| Town Square | 8.46% |
| Al Furjan | 8.37% |
| Dubai Festival City | 7.96% |
| Jumeirah Village Circle (JVC) | 7.55% |
Living Legends has reigned supreme in the mid-tier apartment segment with an impressive ROI of 11.16%. The grand community offers different types of apartments alongside a range of upscale amenities.
Second on the list, Town Square has an ROI of 8.46%. Spanning 154,000 square metres, the area is home numerous gardens, trails and off-plan projects. Meanwhile, the gated community, Al Furjan boasted 8.37% ROI for apartments. The secluded community provides a serene lifestyle complemented by a range of amenities.
TOP AREAS FOR BUYING MID-TIER VILLAS IN DUBAI
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023 | TRANSACTION PRICE Avg. PriceChange from 2023 | 3-Bed | 4-Bed | 5-Bed |
|---|---|---|---|---|---|---|
| Al Furjan | ROI 6.89% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Jumeirah Village Circle (JVC) | ROI 7.70% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Arabian Ranches 3 | ROI 6.41% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Reem | ROI 5.99% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Town Square | ROI 6.28% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
The mid-range areas in Dubai are also famous for their villas. These spacious units provide an unparalleled living experience that is further enhanced by a range of amenities. As per dubizzle’s findings, Al Furjan, Jumeirah Village Circle (JVC), Arabian Ranches 3, Reem and Town Square have come out as the top choices for buying mid-tier villas in Dubai.
AL FURJAN
Al Furjan, a secluded gated community offers a serene living environment in an idyllic setting. The area is home to numerous villas – catering to a diverse range of budgets and preferences.
In 2024, the asking price for villas in Al Furjan amounted to AED 4.86M along with an impressive 6.89% ROI. All communities and bed types in Al Furjan have witnessed upticks because of the choice of properties and amenities offered.
- The price per square foot of villas in Al Furjan has averaged AED 1,206 after a massive increase of 22.22% from the previous year.
- As for 3, 4 and 5-bed villas in the area, their sale prices have averaged AED 3.32M, AED 4.63M and AED 7.33M, respectively.
- DLD data has indicated a massive increase of 23.5% in the price of villas in Al Furjan.
JUMEIRAH VILLAGE CIRCLE (JVC)
JVC has also garnered huge attention for the villas. Boasting a central location in Dubai, villas in JVC have spacious layouts and meticulous designs.
The price for apartments for sale in JVC has averaged AED 3.20M with an ROI of 7.70%.
- The price per square foot has increased from AED 812 in 2023 to AED 1,122 in 2024.
- The asking price for 3, 4 and 5-bed villas in JVC has averaged AED 2,84M, AED 3.31M and AED 3.06M respectively.
- DLD transactions for villas in JVC have increased by a massive 29.3%.
ARABIAN RANCHES 3
A cluster of sub-communities with distinct designs and amenities, Arabian Ranches 3 has been ranked as the third most popular area for buying villas. The average prices for villas for sale in Arabian Ranches 3 have been recorded at AED 3.46M along with a 6.41% ROI.
- The price per square foot has seen a significant increase of 16.31%, rising to AED 1,331 in 2024.
- The average sales price of 3, 4 and 5-bed houses in Arabian Ranches have amounted to AED 2.56M, AED 3.94M and AED 7.28M, respectively.
- According to DLD data, sales transactions for villas in Arabian Ranches 3 have increased by 23.0%.
For Reem and Town Square, the fourth and fifth popular areas for buying villas, the prices have averaged AED 2.88M and AED 2.42M respectively.
AREAS WITH THE BEST ROI FOR MID-TIER VILLAS IN DUBAI IN 2024
| Area | ROI |
| Jumeirah Village Circle (JVC) | 7.70% |
| Al Jaddaf | 7.52% |
| Jumeirah Village Triangle (JVT) | 7.07% |
| Al Furjan | 6.89% |
| Mudon | 6.45% |
The happening JVC community has garnered huge attention with a prime location, an array of villa options and top-class amenities. For villas, the area has delivered a noteworthy ROI of 7.70%. JVC is also home to numerous off-plan projects including Binghatti Phoenix, Pearl Home III and Hamilton House among others.
Al Jaddaf and Jumeirah Village Triangle (JVT) have ranked third and fourth for the highest ROI for villas. ROI for these areas has been 7.52% and 7.07% respectively. Both the areas have numerous off-plan projects under development. Every project offers its distinctive set of amenities and provides unique lifestyle to the residents.
POPULAR AREAS TO BUY AFFORDABLE PROPERTIES IN DUBAI
The affordable property segment has also experienced prices for apartments and villas. Although affordable, these properties give a fine taste of living in Dubai. Moreover, attractive returns make these areas highly alluring for investors.
TOP AREAS FOR BUYING AFFORDABLE APARTMENTS IN DUBAI
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023 | TRANSACTION PRICE Avg. PriceChange from 2023 | Studio | 1-Bed | 2-Bed |
|---|---|---|---|---|---|---|
| Dubai Silicon Oasis (DSO) | ROI 8.33% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
| International City | ROI 8.78% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
| Dubai Sports City | ROI 7.85% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
| Arjan | ROI 7.05% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
| Dubai Investment Park (DIP) | ROI 9.98% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| Studio
| 1-Bed
| 2-Bed
|
Dubai Silicon Oasis (DSO), International City, Dubai Sports City, Arjan and Dubai Investment Park (DIP) have garnered the most attention for purchasing affordable apartments in Dubai.
DUBAI SILICON OASIS (DSO)
A diverse range of schools, nearby malls and healthcare facilities make Dubai Silicon Oasis an ideal neighbourhood for families. This technology park is home to numerous UAE property types including apartments. Proximity to the new metro line has boosted property prices in this neighbourhood. Moreover, new areas getting freehold status has attracted more foreign investors toward DSO.
In 2024, the sales price for apartments in DSO averaged AED 805k. Investors have also enjoyed a noteworthy ROI of 8.33%.
- The average per-square-foot price for flats in DSO has increased to AED 901 in 2024.
- The asking price for studios and 1 and 2-bed apartments has increased to AED 468k, AED 661k and AED 1.23M respectively.
- DLD data has shown a 21.1% increase in apartment prices in DSO.
INTERNATIONAL CITY
Home to a multitude of complexes, International City caters to a range of preferences and budgets. Also, proximity to all essential facilities and impressive rental yields make the area more attractive for homeseekers and investors alike. With the new metro line in proximity, the prices in the areas have experienced a notable increase.
In 2024, flats for sale in International City have reported an average selling price of AED 481k. Additionally, the 8.78% return on investment makes this neighbourhood more compelling for buyers.
- Flats for sale in International City have reported an average price per square foot of AED 692 after an increase of 12.81% from 2023.
- The prices for studios and 1-bed apartments in International City have averaged AED 338k and AED 476k, respectively. Additionally, the sales price for 2-bed flats has averaged AED 906k.
- According to DLD data, the average price for flats in International City has surged to AED 448,735.
DUBAI SPORTS CITY
The serene neighbourhood of Dubai Sports City is surrounded by lush greenery and verdant landscapes. The location puts the community away from the hustle and bustle of the city.
With a decent ROI of 7.85%, the price of apartments for sale in the area has averaged AED 901k.
- Experiencing a 31.21% rise, the apartments in Dubai Sports City have averaged a per-square-foot price of AED 1,025.
- The asking price for studios, 1 and 2-bed flats in the area have risen to AED 537k, AED 778k and AED 1.25M respectively.
- DLD data has portrayed a hike of 24.1% for apartments in Dubai Sports City.
Investors have also shown interest in apartments in Arjan and Dubai Investment Park (DIP). With an ROI of 7.05%, flats in Arjan have boasted an average price of AED 1.18M. In 2024, the price for apartments in DIP has averaged AED 569k along with an impressive ROI of 9.98%.
AREAS WITH THE BEST ROI FOR AFFORDABLE APARTMENTS IN DUBAI IN 2024
| Area | ROI |
| Dubai Investment Park (DIP) | 9.98% |
| Remraam | 9.22% |
| International City | 8.78% |
| Dubai Waterfront | 8.41% |
| Dubai Silicon Oasis (DSO) | 8.33% |
A mixed-use development, DIP, with a good ROI of 9.98%, has remained a major hotspot for affordable apartments. Proximity to key landmarks, schools, medical facilities and shopping places make this area highly attractive to investors.
Next on the list are Remraam and International City with 9.22% and 8.78% ROI, respectively. A peaceful gated community, Remraam provides easy access to major roads and highways. Whereas, International City stands out with its country-themed collection of properties including residential and commercial complexes.
TOP AREAS FOR BUYING AFFORDABLE VILLAS IN DUBAI
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023 | TRANSACTION PRICE Avg. PriceChange from 2023 | 3-Bed | 4-Bed | 5-Bed |
|---|---|---|---|---|---|---|
| DAMAC Hills 2 (Akoya by DAMAC) | ROI 7.20% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Dubailand | ROI 6.47% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Dubai South | ROI 5.77% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Dubai Investment Park (DIP) | ROI 9.88% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| International City | ROI 7.26% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| TRANSACTION PRICE Avg. PriceChange from 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
Affordable villas have also remained in high demand in Dubai. As per dubizzle data, DAMAC Hills 2 (Akoya by DAMAC), Dubailand, Dubai South, Dubai Investment Park (DIP) and International City have remained the centre of attraction for investors interested in buying affordable villas in Dubai.
DAMAC HILLS 2 (AKOYA BY DAMAC)
A family-oriented residential development, DAMAC Hills 2 (Akoya by DAMAC) promises a refined living experience in a prime city location. Villas in the community boast spacious layouts and offer impressive rental yields.
The sales price of villas in this residential district has averaged AED 1.92M with an ROI of 7.20%. Key projects contributing to the increase in property value in DAMAC Hills 2 (Akoya by DAMAC) include Sycamore, Odora, Mimosa, Vardon, Amazonia, and Centaury.
- After an increase of 14.97%, the price per square foot of villas has averaged AED 836.
- Following a surge in prices, investors and buyers have paid AED 1.55M, AED 1,88M and AED 2,90M, respectively for 3, 4 and 5-bedroom villas for sale in DAMAC Hills 2 (Akoya by DAMAC).
- Prices of villas in DAMAC Hills 2 (Akoya by DAMAC) have shown an increase of 44.53%, according to the DLD transaction data.
DUBAILAND
The massive residential community in Dubai has remained a hotspot for discerning home seekers and investors. Home to numerous projects, Dubailand provides a wide range of facilities within the community.
On average, buyers and investors have paid AED 3.65M to buy villas in Dubailand. The ROI for villas in Dubailand was recorded at 6.47%. Communities in Dubailand have shown steady growth, however, Villonova, Ruka, California Village and Cherry Woods have stood with notable increase in prices, mainly because of the proximity to key locations, public transport stations and other facilities.
- The price per square has increased from AED 1,020 in 2023 to AED 1,207 in 2024.
- After an uptick, the price of three and four-bedroom villas for sale in Dubailand has increased to AED 2.46M and AED 2.91M, respectively.
DUBAI SOUTH
Dubai South, the largest urban master development, has stood tall as a popular area for buying affordable villas in Dubai. The community has long remained an investor and residential-friendly option owing to the top facilities. Moreover, proximity to the new airport has added more value to properties in the area.
Villas in the area have an impressive ROI of 6.47%. The average price of villas in Dubai South has risen to AED 4.13M in 2024. Emaar South has been the major contributor for the rising prices in the neighbourhood. Projects in the community offer world-class amenities and easy access to all essential facilities.
- With an 18.38% uptick, the price per square foot for villas in Dubai South has increased to AED 1,047.
- Prices for 3, 4 and 5-bed villas for sale in Dubai South have increased to AED 2.47M, AED 3.31M and AED 4.87M, respectively.
- DLD data has projected an increase of 28.69% for villa prices in Dubai South.
Dubai Investment Park (DIP) and International City have also remained popular choices for buying affordable villas in Dubai. For villas in DIP, the average price was recorded at AED 1.46M with an impressive ROI of 9.88%. Villas in International City have an ROI of 7.26% with the average price recorded at AED 1.67M.
AREAS WITH THE BEST ROI FOR AFFORDABLE VILLAS IN DUBAI IN 2024
| Area | ROI |
| Liwan | 12.41% |
| Al Twar | 11.46% |
| Dubai Investment Park (DIP) | 9.88% |
| Al Rashidiya | 9.02% |
| Dubai Industrial City | 7.81% |
A freehold area in Dubailand, Liwan offers a wide range of affordable flats. A range of facilities and a serene environment have made Liwan a top pick for apartment seekers. The area has an attractive ROI of 12.41%.
Al Twar and Dubai Investment Park (DIP) are also known for affordable apartments. Flats in these areas have delivered 11.46% and 9.88% ROI respectively. Al Twar attracts residents and investors with its contemporary-designed villas. Whereas DIP remains a big pull for investors because of its meticulously-designed properties, proximity to city landmarks and transport options and a wide range of off-plan projects.
Commenting on the latest market trends, the CEO of Bayut & dubizzle and Head of Dubizzle Group MENA, Haider Ali Khan, said:
“Dubai’s real estate market has truly outdone itself, hitting new heights in 2024, with over AED 500 billion in 2024. It’s clear that this dramatic growth is driven by the government’s proactive initiatives including the revised property visa offerings and expansion of freehold areas. Considering the robust economic progress of Dubai and the announcement of major infrastructure projects like the Dubai Metro Blue Line and Al Maktoum Airport, this momentum is unlikely to slow down any time soon.
The demand for properties is at an all time high with the off-plan sector in particular showing unprecedented interest. As the UAE’s leading real estate platform, at dubizzle, we remain committed to supporting this growth by offering comprehensive listings of off-plan developments including ‘Verified Properties’ across all segments—affordable, mid-tier and luxury. At dubizzle, we’re proud to fuel this growth while empowering everyone to make informed decisions.”
With that we conclude the dubizzle’s Annual Dubai Property Sales Report 2024. Dubai has long prevailed as a haven for investments. The year 2024 has proved to be no different with property prices reaching new heights for the affordable, mid-tier and luxury segments.
The integration of innovative, modern technologies has been a major driver of this growth. Multiple steps have been taken by the government to make the transaction process efficient. The DLD’s collaboration with 7 leading developers has reduced property purchases to minutes. Similarly, key advancements at GITEX like the Dubai Market Intelligence Dashboard among others have further streamlined property processes.
As a key player in the UAE’s real estate market, dubizzle continues to provide a multitude of property options for discerning investors and home seekers. Browse through these properties for sale in Dubai to buy a place in the emirate and invest in a thriving market.
Moreover, off-plan properties offer attractive payment plans and continue to rise as formidable investment options. Take a look at these new residential projects in Dubai to purchase off-plan units and avail all the perks that follow.
Stay connected with UAE’s leading property blog for a detailed analysis of the real estate sector in Dubai and other emirates.
Disclaimer: The trends outlined in this Dubai Annual Property Sales Report 2024 have been derived from listings of apartments and villas available for sale on dubizzle, excluding DLD transaction data. They do not fully represent all real estate transactions in the Emirate.
