Dubai, UAE – 09 January 2025 – Dubai’s real estate sector has remained on an upward trajectory with consistent growth. The overall increase in sales and rental prices has highlighted a strong real estate demand in the emirate, as well as hinting at investor’s growing confidence in its thriving property market. Dubai with its strategic urban planning, investor-oriented policies and tax-free framework further strengthens its appeal as a prominent investment destination. These shifting market trends demonstrate the resilience and continued growth of the region’s property market.
Serving as a trusted platform for buyers, investors and renters, dubizzle facilitates easy navigation of the UAE’s dynamic real estate market. The in-depth analysis of dubizzle’s 2024 search trends offers valuable insights into the key factors shaping Dubai’s evolving property market.
Commenting on the latest market trends,the CEO of dubizzle and 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 business between November 2023 and November 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.”
Here are 2024’s important developments in Dubai’s property market.
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Top Luxury Apartment Community: Dubai Marina has stood out as the preferred choice for buying and renting luxury apartments. The average sales price in this high-demand area has reached AED 2.55M, while annual rent has been recorded at AED 145k, as per dubizzle search trends.
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Top Luxury Villa Community: Boasting an average sales price of AED 16.07M, Dubai Hills Estate has maintained its position as the top area for luxury villas. On the other hand, Al Barsha has become the top choice among tenants where the average rent has stood at AED 436k.
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High Investment Returns for Luxury Properties: Al Barari has recorded the highest ROI for luxury villas at 39%. Meanwhile, Green Community has topped the luxury apartment segment with a notable ROI of 8.48% for the year 2024.
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Top Mid-tier Apartment Community: Jumeirah Village Circle (JVC) secured the position as the top area for buying and renting mid-tier apartments, with an average sales price of AED 1.12M and annual rent of AED 78k.
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Top Mid-tier Villa Community: Al Furjan has established itself as the top destination for mid-tier villas, boasting an average sales price of AED 4.86M. With an average annual rent of AED 207k, Jumeirah Village Circle (JVC) has emerged as the preferred area for tenants.
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High Investment Returns for Mid-tier Properties: Living Legends has delivered the highest ROI in the mid-tier apartment segment at16%. On the other hand, Jumeirah Village Circle (JVC) has excelled in the mid-tier villas segment with a notable ROI of 7.70%.
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Top Affordable Apartment Community: Dubai Silicon Oasis (DSO) has become the leading choice when it comes to affordable apartments. The sale price of apartments in this area has averaged AED 805k. On the other hand, Deira has secured the top spot as the most affordable rental community for apartments, where tenants have paid annual rent of AED 66k, on average.
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Top Affordable Villa Community: DAMAC Hills 2 (Akoya by DAMAC) has gained recognition as the top destination for buying and renting affordable villas, offering units with an average asking price of AED 1.92M and annual rent of AED 115k.
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High Investment Returns for Affordable Properties: Dubai Investment Park (DIP) has dominated the affordable apartment, offering a notable ROI of 98%. Meanwhile, Jumeirah Village Circle (JVC) has offered an ROI of 7.70% in the affordable villa segment.
Properties for Sale in Dubai
As per dubizzle search trends, in 2024, the following areas have emerged as the top choices for buying apartments and villas in Dubai.
Apartments for Sale in Dubai
Dubai Marina, Downtown Dubai and Palm Jumeirah have solidified their position as the top three leading areas for buying luxury apartments in Dubai for 2024. The increase in their appeal has been attributed to their proximity to prominent landmarks and attractions.
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Dubai Marina has claimed the number one position with an average sales price of AED 2.55M and a ROI of 28%. Downtown Dubai has secured the second spot, with an average sales price of AED 3.83M. Price per square foot has increased by 15.03% in Dubai Marina and 10.95% in Downtown Dubai.
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Palm Jumeirah, offering an average sales price of AED 6.29M and Dubai Creek Harbour, at AED 2.72M, have established themselves as leading choices for luxury apartment buyers. Palm Jumeirah has recorded an ROI of 44%, whereas Dubai Creek Harbour has registered an ROI of 6.36%.
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Luxury apartment seekers have also shown strong interest in Jumeirah Beach Residence (JBR). The sales price of apartments in this area has averaged AED 3.31M.
Jumeirah Village Circle (JVC), Business Bay and Jumeirah Lake Towers (JLT) have attained the top positions as the premier locations for buying mid-tier apartments.
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Jumeirah Village Circle (JVC) has attained the leading rank, delivering an ROI of 55% and an average sales price of AED 1.12M. The per-square-foot price in the area has grown by 19.95%, reaching AED 1,330 in 2024.
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Business Bay has undergone a 37% surge in per-square-foot price, resulting in an average sales price of AED 2.12M. Similarly, the average sales price in JLT has climbed up to AED 1.83M.
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Mid-tier apartment seekers have shown interest in Al Furjan and Jumeirah Village Triangle (JVT), where the per-square-foot price has increased by 51% and 14.16%, respectively. Al Furjan has also emerged as the leader in mid-tier apartment ROI, recording an 8.37% return in 2024.
In 2024, Dubai Silicon Oasis (DSO), International City and Dubai Sports City have risen to the top as the leading destinations for affordable apartments.
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Apartments in Dubai Silicon Oasis (DSO) recorded an average sales price of AED 805k, offering an impressive ROI of 33%. Studio, 1-bedroom and 2-bedroom unit prices in DSO have increased by 30.00%, 26.15% and 35.76%, respectively.
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International City has seen a 81% rise in per-square-foot price, driving the average sales price to AED 481k. Meanwhile, the sale price in Dubai Sports City has averaged AED 901k.
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Arjan and Dubai Investment Park (DIP) have retained their popularity among affordable apartment buyers, solidifying their positions as popular neighbourhoods in the region’s property market.
Villas for Sale in Dubai
Dubai’s luxury villas segment has seen communities such as Dubai Hills Estate, Palm Jumeirah andDAMAC Hills secure the top three spots for buying villas in 2024. These communities have piqued the interest of investors and buyers looking to buy luxury villas in Dubai.
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Dubai Hills Estate has offered luxury villas with an average price of AED 16.07M and has achieved an ROI of 62%. The price per square foot has increased by 14.83%, standing at AED 2,435 in 2024.
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Palm Jumeirah has reported a notable rise of23% in per-square-foot price, which has reached AED 5,392. Meanwhile, DAMAC Hills and Mohammed Bin Rashid City have experienceda 16.54% and 19.44% increase in their per-square-foot villa price.
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Luxury villa seekers have preferred Jumeirah Park, where per-square-foot price has risen by97%. Villas in this area have had an average sale price of AED 8.72M.
Al Furjan, Jumeirah Village Circle (JVC) and Arabian Ranches 3 have come out as the top choices for buyers looking for mid-tier villas.
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Villas in Al Furjan have recorded an average sales price of AED 4.86M, delivering an impressive ROI of 89%. The sales prices for 3, 4 and 5-bedroom villas in Al Furjan have increased by 21.61%, 25.68% and38.07%, respectively.
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JVC has experienced a11% spike in per-square-foot price, pushing the average sales price to AED 3.2M. Similarly, The average sales price in Arabian Ranches 3 has risen to AED 3.46M.
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Reem, with an average sales price of AED 3.08M and Town Square, at AED 2.51M, have become top choices for mid-tier villa buyers. Reem and Town Square have achieved an ROI of 99% and 6.28%, respectively.
In the affordable villa market, DAMAC Hills 2 (Akoya by DAMAC), Dubailandand Dubai South have become the top communities for villa buyers in Dubai.
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DAMAC Hills 2 (Akoya by DAMAC) has offered affordable villas with an average price of AED 1.93M and has delivered a solid ROI of 20%. The price per square foot has risen by 14.97%, reaching AED 836 in 2024.
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Dubailand, with an average sales price of AED 3.66M and Dubai South, at AED 4.13M, have emerged as top choices for affordable villa buyers. The price per square foot in Dubailand and Dubai South has advanced by 38% and 25.2%, respectively.
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Dubai Investment Park (DIP) has seen a 37% increase in per-square-foot price, driving the average sales price to AED 1.47M. Similarly, the sales price in International City has risen, amounting to AED 1.67M.
Properties for Rent in Dubai
Based on dubizzle’s 2024 search trends, property demand has seen a significant rise in different areas of Dubai. The villa and apartment communities popular among tenants in Dubai during 2024 are as follows:
Apartments for Rent in Dubai
Dubai Marina, Downtown Dubai and Dubai Creek Harbour have ranked as popular choices for luxury apartment seekers in the emirate.
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In Dubai Marina, the annual rent of luxury apartments has averaged AED 117k. The average rent of 1, 2 and 3-bedroom units in the community has averaged AED 108k, AED 167k and AED 265k.
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Downtown Dubai has experienced an increase of 47%, bringing the average yearly rent to AED 213k. In contrast, Dubai Creek Harbour has witnessed a significant 20.14% rise in the asking rent, boasting an average rent of AED 167k in 2024.
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Jumeirah Beach Residence (JBR) and Palm Jumeirah have established themselves as the prime destinations for luxury apartments, with rent averaging AED 184k and AED 220k, respectively.
For mid-tier apartment rentals, Jumeirah Village Circle (JVC), Business Bay and Jumeirah Lake Towers (JLT) have emerged as popular destinations.
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JVC has risen to the top with an average annual rent of AED 78k.
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Business Bay has seen a notable 02% spike in average yearly rent, reaching AED 122k in 2024. JLT has also observed growing demand, with average rent climbing to AED 103k.
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Al Barsha and Al Furjan have intrigued various mid-tier apartment seekers and the annual rent in these areas has averaged AED 94k and AED 72k, respectively.
Deira, International City and Al Nahda have become the most popular areas for renting affordable apartments.
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The average yearly rent for affordable apartments in Deira has averaged AED 66k.
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With a massive 30% increase, International City’s average annual rent has climbed to AED 43k. In Al Nahda, the average yearly rent for apartments has been around AED 54k.
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Bur Dubai and Al Qusaishave ranked as popular choices among affordable apartment seekers, with the annual rent recorded at AED 87k and AED 52k, respectively.
Villas for Rent in Dubai
Tenants in search of luxury villas have gravitated towards Al Barsha, Jumeirah andDubai Hills Estate, as these areas have a reputation for consistently securing top ranks among the most popular options.
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The average asking rent for luxury villas in Al Barsha has been AED 436k.
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Tenants have paid an average rent of AED 417k for villas in Jumeirah, reflecting an increase of 31%.
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Annual villa rent in Dubai Hills Estate has increased by 64%, averaging AED 410k.
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In Umm Suqeim, the average annual rent has been recorded at AED 324k, following an incline of 25% in 2024.
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Palm Jumeirah has witnessed a 59% escalation in the yearly rent, reaching an average of AED 1.49M.
Jumeirah Village Circle (JVC), Town Square andReem have ranked as the leading areas for mid-tier villa rentals.
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The average yearly rent for villas in JVC has seen a 35% increase, reaching AED 207k.
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The rent for mid-tier villas in Town Square has appreciated by 58%, with an average of AED 160k per year.
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The annual rent for villas in Reem has averaged AED 183k.
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The rent of villas in Al Furjan has surged by19%, with the average now at AED 323k.
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Nad Al Sheba has also made it to the list of the most popular areas for mid-tier rental villas, with the average yearly rent reaching AED 393k in 2024.
DAMAC Hills 2 (Akoya by DAMAC), Mirdif andDubai South have been recognised as the leading options for tenants looking for affordable villas in Dubai.
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Villas in DAMAC Hills 2 (Akoya by DAMAC) have recorded a massive 05% increase in average yearly rent, reaching AED 115k.
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The annual rent for affordable villas in Mirdif has averaged AED 146k, marking a notable rise of 45%.
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Following a significant 02% increase, the average yearly rent for villas in Dubai South has jumped to AED 122k.
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In Dubailand, the average yearly rent has averaged AED 324k, showing an increase of 47% in 2024.
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The average yearly rent for affordable villas in Deira has climbed by 36%, now at AED 154k.