Dubai apartment prices have increased past year by 24.8% while villa prices have jumped by 33.1%. The ValuStrat Price Index for September 2024 indicates a 2.1% monthly rise reaching 190.1 points with a notable annual increase of 28.9%. Villas stand at 243.2 points and apartments at 155.4 points both compared to a base of 100 set in January 2021.

Monthly capital gains show a slight slowdown from August but strong sales persist. Villas experienced a 2.3% monthly gain with top performers in luxury areas like Palm Jumeirah (42.8%) and Dubai Hills Estate (35.3%). Apartments saw a 1.9% monthly increase with high gains in Discovery Gardens (33.5%) and The Greens (33%).

Off-plan home registrations surged by 9.1% monthly and a remarkable 254.2% annually accounting for nearly three-quarters of sales this month. Ready secondary-home transactions rose by 10.9% monthly and 19% annually including 16 properties sold for over AED 30 million in prime locations.

Leading developers in September included Emaar (18.8%), Damac (14.7%) and Sobha (7.4%). The most active areas for off-plan transactions were Jumeirah Village Circle and Dubai Hills Estate while Jumeirah Village Circle also set a record for ready home sales this month.