ResidentialSales Price TrendsQ1 - Q32017 VS 2018

As a whole, residential sales prices have decreased again across the city during 2018. Upon closer

analysis, average real estate prices have declined -8% for apartments and -9% for villas within the most

searched areas in the first three quarters of 2018 compared to the same time period in 2017.

Sales Price Trends

Average Price Shifts by Community

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Transparency in the Marketdubizzle holds a plethora of property related data right at its fingertips and we believe transparency

and integrity within the UAE real estate market is essential. That’s why we’ve released this report in line

with the region’s leading real estate event, Cityscape Global, offering accessible insights on the market

to anyone interested in property within the region.

This report examines a snapshot of price shifts in the top 10 most searched residential communities of

2018 thus far, which shows a mixture of both newer developments and more established communities.

The top five searched apartment communities year-to-date for 2018 were Dubai Marina (36%), Jumeirah

Lakes Towers (21%), Jumeirah Village Circle (17%), Downtown Dubai (13%), and Business Bay (12%).

The perennial expat and investor favourite, Dubai Marina, remained relatively unchanged with prices

dropping just an average of 1% across one-to three-bedroom apartments in the area.

Across Jumeirah Lakes Towers, Jumeirah Village Circle and Business Bay, one-bedroom apartments

perform better than two-and three-bedroom units in these areas - although all offering price decreases

averaging between 6 - 12%. Downtown Dubai remains the highest valued area for apartments, with an

average price of AED 2,088 per sq ft.

Apartments for Sale

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The Palm Jumeirah moved into the top 5 searched villa communities in 2018, reflecting a trend that

softening purchase prices are encouraging residents to consider higher end communities as they

become more affordable. The new development in Dubailand, Mudon, also entered the top searched

communities this year, signifying the effect of off-plan developments on boosting the real estate market.

Alongside this is the search demand for Damac’s Akoya Oxygen development, which bucked the

general downward trend for sales prices. From initial off-plan pricing to date, Akoya Oxygen has

experienced an average increase of 13%, with the average price now standing at just AED 680 per sqft.

Villas for Sale

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