Villa/Townhouse price performance
in Q2 2019 average villa/townhouse prices remained stable at AED 1.8 million.
Prime communities quarterly price difference Q1 - Q2 2019 (villa/Townhouse)
The springs -3.8% Transacting at 894 AED/SQ.FT
Jumeirah Park -3.6% Transacting at 919 AED/SQ.FT
Arabian Ranches -4.9% Transacting at 980 AED/SQ.FT
Jumeirah Golf Estates -4.5% Transacting at 1,100 AED/SQ.FT
Jumeirah Islands -4.0% Transacting at 1,238 AED/SQ.FT
Fronds on Palm Jumeirah -4.4% Transacting at 2,258 AED/SQ.FT
Apartment price performance
the average apartment price 2019 declined 5% to AED 1.3 million from AED 1.4 million in Q1 2019.
Prime communities quarterly price difference Q1 - Q2 2019 (Apartment)
Business bay -4.8% Transacting at 1,259 AED/SQ.FT
Dubai Marina -4.5% Transacting at 1,407 AED/SQ.FT
JBR -2.6 Transacting at 1,407 AED/SQ.FT
DIFC -3.7% Transacting at 1,544 AED/SQ.FT
Palm Jumeirah -3.8% Transacting at 1,892 AED/SQ.FT
Downtown -5.0% Transacting at 1,996 AED/SQ.FT
Supply
over 1,700 apartments and 1,250 villas/townhouses were handed over in Dubai during Q2 2019 and the expected supply until end of 2019 is around 1,500 apartments and 1500 to 2000 villa/townhouses
Dubai Transactions overview
Off-plan transfers continued to dominate in Q2 2019, accounting for more than 52.2% of total transfers. The total number of transfers in this period was 9,092, for villas/townhouses and apartments overall.
Top 5 communities for apartment transfer
Off plan transfers
4-Business Bay
5-jumeirah Village Circle
Secondary market transfers
1-Dubai Marina
2-International City
3-Jumeirah Village Circle
4-Downtown Dubai
5-Buiness Bay
Top 5 communities for villa/townhouses transfer
Off plan transfers
1-Dubai South
3-Town Square
5-Arabian Ranches 2
Secondary market transfers
1-Emirates Living
2-Arabian Ranches
3-Mouhamad Bin Rashid City
4-Jumeirah Village Circle
5-Arabian Ranches 2
