Bayut & dubizzle’s H1 2022 Dubai property sales market report
- Top Neighbourhoods in Dubai
- Affordable Apartments
- Luxury Apartments
- Affordable Villas
- Luxury Villas
- Top Off-Plan Projects
Following a positive end to 2021, the Dubai real estate sector has continued to grow impressively in the first half of 2022. Bayut & dubizzle’s property sales market report for Dubai H1 2022 provides a comprehensive look at the evolution of property prices in Dubai, observed during the first six months of this year.
For our 2022 H1 sales market report Dubai, the data engineers at Bayut & dubizzle have compared property sales prices in Dubai recorded in H1 2022 to those observed in H2 2021.
Dubai property prices for the sale of apartments and villas have maintained their upward trajectory in both the affordable and luxury segments. The collective data from Bayut & dubizzle reveals that the average sales price-per-square-foot has risen by up to 8% for reasonably-priced properties, whereas upscale areas have seen increases of up to 19% during H1 2022.
Despite the uptrend in prices continuing amidst the post-pandemic momentum, properties in Dubai remain considerably more affordable compared to other real estate hubs around the world. That combined with the high standard of living and chances to gain long-term residence in the UAE has further fueled the overall demand (both local and foreign) for investment properties in Dubai.
Search trends on Bayut & dubizzle have also revealed that small ticket investors mostly focused their searches on suburban communities like Jumeirah Village Circle (JVC), Business Bay, DAMAC Hills 2 (Akoya Oxygen) and Dubailand.
High net worth investors, on the other hand, have been more inclined towards upscale, well-established areas such as Arabian Ranches, Dubai Marina, Downtown Dubai and Dubai Hills Estate.
For an accurate representation of Dubai property prices, our H1 2022 sales market report compares the average price-per-square-foot for an area. Please note that these prices are subject to change based on multiple factors including amenities available, the developer involved in the project, location and other key factors.
We have also further segregated the popular areas for buying apartments and villas into ‘Affordable’ and ‘Luxury’ to offer a more tailored view of the Dubai real estate market in H1 2022.
TOP NEIGHBOURHOODS IN DUBAI ACCORDING TO TRENDS ON BAYUT & DUBIZZLE
Collective consumer search trends on Bayut & dubizzle indicate that most prospective buyers have been inclined towards well-connected, family-friendly suburbs like Jumeirah Village Circle, Arabian Ranches and The Springs. Evolving communities such as DAMAC Hills 2 (Akoya Oxygen) and Dubailand have also appealed to investors due to their attractive mix of ready and off-plan properties.
Based on our Dubai H1 sales property market report 2022, there has also been considerable buyer interest for properties in Business Bay, Downtown Dubai, Dubai Hills Estate, Dubai Marina, Dubai Silicon Oasis, Palm Jumeirah and Jumeirah Lake Towers.
According to the data provided by the Dubai Land Department, there were 14,576 sales transactions (ready and off-plan) recorded during H1 2022, with a collective value of AED 33.06 billion. Using the new Dubai Transactions feature on Bayut, you can easily observe how the most sought-after areas contributed to those figures.
AREA | SALES VOLUME | SALES VALUE |
|---|---|---|
AREA DAMAC Hills 2 (Akoya by DAMAC) | SALES VOLUME 536 | SALES VALUE AED 685.2M |
AREA Dubailand | SALES VOLUME 3,037 | SALES VALUE AED 6.0B |
AREA Jumeirah Village Circle (JVC) | SALES VOLUME 2,491 | SALES VALUE AED 2.2B |
AREA The Springs | SALES VOLUME 225 | SALES VALUE AED 574.0M |
AREA Arabian Ranches | SALES VOLUME 196 | SALES VALUE AED 961.4M |
*The table above is based on data sourced directly from the DLD. The area popularity is based on the overall search volume observed on Bayut & dubizzle.
Up next is the detailed Dubai real estate sales market report H1 2022, compiled using the price and search trends observed on Bayut & dubizzle. Let’s look at how property prices for the sale of apartments and villas fared in Dubai’s most popular residential districts.
JUMEIRAH VILLAGE CIRCLE HAS REMAINED THE MOST POPULAR AREA TO BUY AFFORDABLE APARTMENTS IN DUBAI
AVERAGE SALES PRICES FOR AFFORDABLE APARTMENTS: BAYUT & DUBIZZLE DUBAI REAL ESTATE SALES MARKET REPORT H1 2022
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021 | STUDIO | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Jumeirah Village Circle (JVC) | ROI 5.53% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| STUDIO
| 1-BED
| 2-BED
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| Business Bay | ROI 6.09% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| STUDIO
| 1-BED
| 2-BED
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| Jumeirah Lake Towers (JLT) | ROI 7.66% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| STUDIO
| 1-BED
| 2-BED
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| Dubai Silicon Oasis | ROI 7.77% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| STUDIO
| 1-BED
| 2-BED
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| Dubai Sports City | ROI 8.04% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| STUDIO
| 1-BED
| 2-BED
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An analysis of the Dubai property prices and search trends for H1 2022 shows that Jumeirah Village Circle (JVC) has continued to be the most attractive option for apartment buyers on a strict budget. During H1 2022, JVC apartments have recorded an uptick of 2.82% in the average sales price-per-square-foot, which now stands at AED 872. Buyers who wish to invest in apartments for sale in JVC will need to budget an average spend of AED 419k for studios, AED 682k for 1-bed and AED 1.04M for 2-bed flats.
The affordable apartments for sale in Dubai’s Business Bay area have also garnered considerable investor interest. In H1 2022, Business Bay apartments recorded an average sales price-per-square-foot of AED 1,436, following a 6.37% increase from H2 2021. To buy apartments in Business Bay investors can expect to pay around AED 767k for studio flats, AED 1.17M for 1-bed and AED 1.92M for 2-bed units.
The 2022 H1 sales market report for Dubai reveals that prospective investors have also focused their interests on Jumeirah Lake Towers (JLT) and Dubai Sports City. Both areas have recorded moderate upticks of under 6% in the average sales price-per-square-foot. Dubai Silicon Oasis is another popular area for buying affordable flats in the emirate. There has been a minor decrease of under 1% in the average sales price-per-square-foot of apartments in DSO during H1 2022.
DUBAI SPORTS CITY OFFERS THE HIGHEST ROI FOR AFFORDABLE APARTMENTS IN DUBAI
Our Dubai H1 Sales property market report 2022 reveals that apartments for sale in Dubai Sports City have offered the most attractive rental returns in the affordable segment. The area’s projected ROI, from rental yield, has averaged at an impressive 8.04% in the first half of 2022.
Other areas of interest that have reported healthy returns during H1 2022 include Dubai Silicon Oasis and Jumeirah Lake Towers, with respective ROIs of 7.77% and 7.66%.
DUBAI MARINA HOLDS INVESTOR INTEREST FOR LUXURY APARTMENTS IN H1 2022
DUBAI PROPERTY PRICES FOR LUXURY APARTMENTS FOR SALE: H1 BAYUT & DUBIZZLE DUBAI PROPERTY SALES MARKET REPORT
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021 | 1-BED | 2-BED | 3-BED |
|---|---|---|---|---|---|
| Dubai Marina | ROI 6.97% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 1-BED
| 2-BED
| 3-BED
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| Downtown Dubai | ROI 6.20% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 1-BED
| 2-BED
| 3-BED
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| Palm Jumeirah | ROI 6.01% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 1-BED
| 2-BED
| 3-BED
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| Jumeirah Beach Residence (JBR) | ROI 5.39% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 1-BED
| 2-BED
| 3-BED
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| Dubai Hills Estate | ROI 6.49% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 1-BED
| 2-BED
| 3-BED
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Our combined property sales market report Dubai for H1 2022 has revealed that Dubai Marina has yet again maintained its popularity when it comes to luxury apartments for sale in the emirate. This upscale waterfront community has recorded a 5.96% increase in the average price-per-square-foot for apartments, which now stands at AED 1,459. Subsequent to the increase, the prices for flats for sale in Dubai Marina now average at AED 1.21M for 1-bed, AED 1.94M for 2-bed and AED 3.30M for 3-bed units.
Downtown Dubai has ranked as the second most searched-for district for luxury apartment sales in Dubai. The properties in this well-connected district have experienced a 6.72% uptick in average sales price-per-square-foot, to stand at AED 2,237 in H1 2022. Investors considering the flats for sale in Downtown Dubai can expect to pay an average of AED 1.72M for 1-bed flats. The 2 and 3-bed units are respectively priced at AED 3.26M and AED 5.30M on average.
As per our sales market report Dubai H1 2022, potential investors and buyers have also shown an inclination towards the luxury apartments in Palm Jumeirah, Jumeirah Beach Residence (JBR) and Dubai Hills Estate. In the data analysis undertaken by Bayut & dubizzle for the H1 Dubai sales market report 2022, these areas have seen modest increases of under 6% in sales price-per-square-foot.
- 2 BEDS
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- 2 BATHS
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- 1150 SQFT
- 1 BED
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- 2 BATHS
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- 848 SQFT
- 2 BEDS
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- 3 BATHS
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- 1154 SQFT
- 2 BEDS
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- 2 BATHS
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- 993 SQFT
- 1 BED
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- 2 BATHS
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- 427 SQFT
- STUDIO
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- 1 BATH
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- 459 SQFT
DUBAI MARINA YIELDS THE BEST ROI FOR LUXURY APARTMENTS IN DUBAI
As per our Dubai sales property market report for H1 2022, those considering investing in luxury apartments for sale in Dubai can reap the highest rental returns in Dubai Marina. The properties here have recorded projected rental yields of 6.97%. However, this figure may vary depending on the location of the building, its developer and the amenities offered.
Other areas that have offered good rental yields for expensive buy-to-let flats in Dubai include Dubai Hills Estate (6.49%) and Downtown Dubai (6.20%).
DAMAC HILLS 2 (AKOYA OXYGEN) RANKS AS THE MOST POPULAR CHOICE FOR BUYING AFFORDABLE VILLAS IN DUBAI
AVERAGE PROPERTY PRICES IN DUBAI TO BUY AFFORDABLE HOUSES: BAYUT & DUBIZZLE DUBAI SALES MARKET REPORT H1 2022
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| DAMAC Hills 2 (Akoya by DAMAC) | ROI 5.43% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
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| Dubailand | ROI 6.02% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
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| Jumeirah Village Circle (JVC) | ROI 6.17% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
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| The Springs | ROI 5.56% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
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| DAMAC Hills | ROI 6.53% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
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The Dubai sales property price trends observed on Bayut and dubizzle reveal that DAMAC HILLS 2 (Akoya Oxygen) has remained an investor favourite for buying affordable villas in Dubai.
The sales price-per-square-foot for villas in DAMAC HILLS 2 (Akoya Oxygen) has increased by 1.27%, going up from AED 604 in H2 2021 to AED 612 in H1 2022. Investors buying villas in DAMAC HILLS 2 (Akoya Oxygen) have paid an average of AED 1.07M for 3-bed homes. The 4 and 5-bed villas here have been priced at AED 1.41M and AED 1.79M respectively, during H1 2022.
The data collected for this Dubai real estate sales market report H1 2022 has also revealed investor interest in the reasonably-priced villas in Dubailand. This popular suburban district has recorded an increase of 5.71% in average sales price-per-square-foot, which now stands at AED 816. The average price of homes for sale in Dubailand during H1 2022 was recorded at AED 1.66M for 3-bed, AED 2.16M for 4-bed and AED 3.96M for 5-bed homes.
Other areas that have attracted buyer interest during the first half of the year include JVC, The Springs and DAMAC Hills. The sales price-per-square-foot for affordable villas in all three areas have recorded increases of between 1% and 8%.
DAMAC HILLS YIELDS THE BEST RENTAL RETURNS IN DUBAI FOR AFFORDABLE VILLAS
The buy-to-let villas in DAMAC Hills have offered the highest projected returns in the affordable segment. The rental yields for these properties can go up to 6.53%. Investors can also consider the properties in Jumeirah Village Circle and Dubailand. Both areas offer healthy projected ROIs of more than 6%.
ARABIAN RANCHES HOLDS THE TOP SPOT FOR BUYING LUXURY HOMES IN DUBAI
REAL ESTATE PRICES IN DUBAI FOR LUXURY VILLAS IN POPULAR NEIGHBOURHOODS: BAYUT & DUBIZZLE DUBAI SALES MARKET REPORT H1 2022
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021 | 4-BED | 5-BED | 6-BED |
|---|---|---|---|---|---|
| Arabian Ranches | ROI 5.72% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 4-BED
| 5-BED
| 6-BED
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| Dubai Hills Estate | ROI 6.03% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 4-BED
| 5-BED
| 6-BED
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| Palm Jumeirah | ROI 4.85% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 4-BED
| 5-BED
| 6-BED
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| The Villa | ROI 5.18% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 4-BED
| 5-BED
| 6-BED
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| Arabian Ranches 2 | ROI 6.12% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 4-BED
| 5-BED
| 6-BED
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Bayut & dubizzle’s sales market report Dubai H1 2022 reveals that Arabian Ranches has continued to be an investor favourite when it comes to buying luxury villas in Dubai. Properties in this evergreen, family-friendly community have experienced a moderate uptick in the sales price-per-square-foot, increasing from AED 1,181 in H2 2021 to AED 1,205 in H1 2022. The average cost to buy villas in Arabian Ranches stands at AED 4.5M for 4-bed units, AED 6.4M for 5-bed and AED 10.9M for 6-bed houses.
Dubai Hills Estate is another popular area among those interested in purchasing high-end villas in Dubai. Based on the H1 2022 property price trends in Dubai, the average sales price-per-square-foot for villas in Dubai Hills Estate has experienced an uptick of 11.13%, averaging at AED 1,489. The 4-bed houses in the area have reported an average asking sales price of AED 4.90M. The 5 and 6-bed houses have been priced at AED 6.05M and AED 25.1M, respectively in H1 2022.
Other districts that have attracted investor interest for luxury villa sales in Dubai include Palm Jumeirah, The Villa and Arabian Ranches 2. The average price-per-square-foot in Palm Jumeirah has significantly increased by 18.1%, with all houses on the island being listed at higher prices. The Villa and Arabian Ranches 2 have also recorded respective upticks of 7.96% and 2.46% in average price-per-square-foot.
ARABIAN RANCHES 2 HAS THE MOST HEALTHY RETURN ON INVESTMENT IN DUBAI FOR LUXURY HOUSES
Investors interested in luxury properties offering lucrative rental returns can potentially consider the villas in Arabian Ranches 2. These upscale homes have offered projected rental yields of around 6.12%. The villa properties in Dubai Hills Estate and Arabian Ranches also have healthy projected ROIs of 6.03% and 5.72%, respectively.
POPULAR AREAS FOR OFF-PLAN PROPERTIES IN DUBAI
In the first half of 2022, real estate buyers have shown an inclination towards Dubai’s off-plan property market. With the Bayut and dubizzle Dubai sales real estate market report for H1 2022, we reveal the areas that have successfully caught investor interest for the sale of off-plan villas and apartments.
TOP PROJECTS FOR OFF-PLAN APARTMENTS IN DUBAI
PROJECT | AREA | CATEGORY |
|---|---|---|
PROJECT District 10 | AREA Jumeirah Village Circle (JVC) | CATEGORY Affordable |
PROJECT Arabian Gate 1 | AREA Dubai Residence Complex | CATEGORY Affordable |
PROJECT Meydan One | AREA Meydan City | CATEGORY Affordable |
PROJECT Aykon City | AREA Business Bay | CATEGORY Luxury |
PROJECT Sobha Hartland | AREA Mohammed Bin Rashid City | CATEGORY Luxury |
PROJECT Opera District | AREA Downtown Dubai | CATEGORY Luxury |
Real estate investors looking for off-plan apartments in Dubai in the affordable segment have focused their interest on the new developments in Jumeirah Village Circle, Meydan City and Dubai Residence Complex.
As per our Dubai H1 sales real estate market report 2022, JVC’s District 10 has emerged as a top favourite with those searching for affordable off-plan apartments in Dubai. The apartments for sale in JVC District 10 are available in studio to 3-bed layouts, with sales prices starting from AED 270k, based on the available listings on Bayut.
Other popular upcoming projects for budget off-plan flats in Dubai include Arabian Gate 1 in Dubai Residence Complex and Meydan One in Meydan City.
In the luxury segment, property buyers have shown an inclination towards the off-plan apartments in Dubai’s centrally-located districts like Business Bay, Mohammed Bin Rashid (MBR) City and Downtown Dubai. Aykon City in Business Bay has emerged as the top choice for investors. Flats for sale in Aykon City have a starting price of AED 499,000, as currently listed on Bayut.
High-net-worth investors have also shown keen interest in the luxury off-plan flats available in Sobha Hartland, MBR City and the Opera District of Downtown Dubai.
TOP PROJECTS FOR OFF-PLAN VILLAS IN DUBAI
PROJECT | AREA | CATEGORY |
|---|---|---|
PROJECT Rukan | AREA Dubailand | CATEGORY Affordable |
PROJECT Just Cavalli Villas | AREA DAMAC Hills 2 (Akoya by DAMAC) | CATEGORY Affordable |
PROJECT Emaar South | AREA Dubai South | CATEGORY Affordable |
PROJECT Portofino | AREA DAMAC Lagoons | CATEGORY Luxury |
PROJECT Elan | AREA Tilal Al Ghaf | CATEGORY Luxury |
PROJECT Sun | AREA Arabian Ranches 3 | CATEGORY Luxury |
When it comes to budget-friendly off-plan villas in Dubai, investors have shown considerable interest in suburban districts like Dubailand and DAMAC Hills 2 (Akoya Oxygen). Rukan in Dubailand has garnered the most buyer interest for affordable off-plan villas in Dubai.
The Just Cavalli Villas at DAMAC Hills 2 (Akoya Oxygen), with their promised integrated, family-friendly lifestyle, have also managed to attract buyers interested in budget off-plan villas in Dubai.
Investors looking at luxury off-plan villas have preferred master-planned communities such as DAMAC Lagoons, Tilal Al Ghaf and Arabian Ranches 3. Portofino in DAMAC Lagoons has been the most in-demand luxury off-plan villa development in Dubai.
Other areas that have appealed to buyers interested in upscale off-plan villas in Dubai include Elan in Tilal Al Ghaf and Sun in Arabian Ranches 3
Commenting on the findings, Haider Ali Khan, the CEO of Bayut & dubizzle and the Head of EMPG MENA said:
“Over the first half of this year, many pivotal changes have been taking place both within the region and globally. With the focus on safety and security being understandably high, Dubai has stood out as an appealing option particularly for international investors and expat owners. Within Bayut & dubizzle, we have had over 35M sessions in the last six months alone from property seekers interested in Dubai real estate.
With more attention coming to the market, the need to become transparent and more technologically advanced is also clear. Earlier this year DLD made all transaction data publicly available and in the past few weeks there have been some strategic decisions around moving away from cheques to offer direct debit payments; both positive moves in line with the evolving needs of the growing population of Dubai.
With innovation in mind, we too have launched our next generation property search experience, Search 2.0 on Bayut to allow people to have a more well rounded and thorough browsing experience that factors in their two most important commute points. Owing to these advancements from both the public and private sector, the interest in Dubai real estate is more likely to continue to remain high in the coming months too.”
That brings us to the end of the Bayut and dubizzle Dubai H1 Sales Property Market Report 2022. If you’re interested in trends being shown throughout the rental market, take a look at our H1 2022 Dubai Rental Report, which provides an in-depth analysis of the popular areas to rent apartments and villas in the emirate, with average rental costs for each.
We’ll be releasing our H1 2022 property market reports for Abu Dhabi, Sharjah and Ajman soon, so stay tuned to MyBayut!
Disclaimer: The above Dubai sales real estate market report is based on Dubai property prices advertised by real estate agencies on behalf of their clients on Bayut.com & dubizzle property (excluding room share), and is not representative of actual real estate transactions conducted in Dubai.
