Is it worth buying property in Dubai? Data for August 2024 shows strong price growth, which confirms the attractiveness of the investment. Over the year, total property values rose by 28.8% and villa prices rose by 33.5%. The Dubai villa price index has already surpassed the 2021 peak by 138 per cent. Over the month, villa prices increased by 2.4 per cent and flat prices by 2 per cent. In completed properties, the increase was 10.2 per cent, and in properties under construction - an impressive 46.4 per cent.
The highest price increases for villas were recorded in Palm Jumeirah (+42.9%), Jumeirah Islands (+42.4%) and Dubai Hills Estate (+36.9%). For flats, Discovery Gardens (+34.2%), The Greens (+33.6%) and Palm Jumeirah (+30.3%) led the way.
Among the top developers in August, Emaar (22,5%), Sobha (8,7%) and Azizi (5.8%) lead the way.
Dubai's property market continues to develop dynamically, which makes it attractive for those who consider buying a home as a long-term investment.
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