Dubai's average property prices saw a year-on-year increase of 11.4% in Q1

The residential capital value grew by 19% annually due to the government’s initiatives, visa reforms, Expo 2020, and the influx of foreign investors during the January-March quarter.
The average property prices in Dubai registered a year-on-year increase of 11.4% during the quarter, with average apartment and villa prices rising by 10% and 20.2%, respectively, due to higher demand in the market.
Jumeirah Beach Residence, Business Bay, and Dubai Marina registered 16%, 10%, and 3.4% annual price growth, respectively.
Downtown Dubai registered 8% growth, Jumeirah Lake Towers registered 10.5% growth, and Palm Jumeirah also recorded a massive increase of 22% and remained the most sought-after community in Dubai.
Villa prices increased by 20% during the first quarter and by the end of March, the average villa price in Dubai was reached AED 1,267 per square foot.
Arabian Ranches and Jumeirah Islands remained the preferred choice of buyers which saw over 40% annual increase, followed by the Lakes with around 37% price growth while Jumeirah Village and Palm Jumeirah were other popular villa communities in Q1 2022.

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