Dubai Real Estate: Capital Values For Ready Homes Continue to Rise, Sales Slow Down

The real estate market of Dubai has undergone a dynamic change in the month of June 2024, with changing trends of capital values and transaction volumes.

[{"selector":"#anim-9af7e15f-81e8-4313-9fe9-a8aeededdf13","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2577ce98-6273-4eb3-abc9-3ede85ed0d16","keyframes":{"transform":["translate3d(0px, 151.00716%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3699acba-c858-4fd1-be72-0d7353579d4e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Freehold villa communities in Dubai registered some very amazing growth, surmounting the highest peak values seen in 2014.

[{"selector":"#anim-08e77d68-5c01-49e2-b37c-4709fcdfc1a4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d7d76a15-70e7-43a9-9375-23028a7b63cc","keyframes":{"transform":["translate3d(0px, 190.36516%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e458e8c4-a39d-49c7-a83a-3947f2b5a823 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(16.11930314852073%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Dubai’s apartment sector also saw a rather resilient performance, depicted by both monthly and yearly capital gains increases.

[{"selector":"#anim-6acb9688-baad-49c8-93b5-57ec4bdba159","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-066850f4-d968-41a0-9a6c-84c7783530df","keyframes":{"transform":["translate3d(0px, 190.36516%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bef034cd-e7d0-43fc-a29e-8e4810f91d8f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-12.649175387380858%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

While capital values did very well, the transactional landscape showed a mixed trend in the ready home and off-plan property segments.

[{"selector":"#anim-6dea2d92-ba58-49fc-b7d6-8c87d7ce4dab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(12.535714443341174%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cc4c7af1-8937-4242-a80c-50385c1e81da","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4fd096bf-c9a2-4105-9f1e-40e7d3893bb5","keyframes":{"transform":["translate3d(0px, 190.36516%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Several factors contributed to the evolving dynamics in Dubai’s property market during June 2024 :-

[{"selector":"#anim-70df81cb-30b6-42f3-b270-07f66638b7f6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-19.16517881241583%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a7d12260-73ec-4413-b712-045837e6bad5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-12cb751e-cd1e-4a00-9bed-ece8f61a67fc","keyframes":{"transform":["translate3d(0px, 240.90460%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Despite these major global economic uncertainties, the confidence of investors was unabated, although this was mainly seen in the significant capital gains across villa and apartment segments.

[{"selector":"#anim-120f5e92-f5b6-4b1c-9944-c7cf2d43b6cc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b09bcd43-721c-4601-a106-48306f3a9c76","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6bb532b1-154e-4ecc-a7d7-d6580076e864","keyframes":{"transform":["translate3d(0px, 136.79506%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]