Average Index in Dubai Real Estate

Real estate rates in Dubai have been on the rise lately. From real estate buyer’s point of view, it is crucial to have an idea of prices in different real estate developments. Property index is a yardstick that presents an outline of real estate rates for apartments, villas and commercial developments in Dubai.

For anyone buying real estate in Dubai or for that matter anywhere in the world, the respective location is the biggest factor influencing decisions. In Dubai, there are a lot of preferable real estate developments – for residential as well as commercial purposes.

Dubai real estate does have something to suit every pocket; still the general index shows a rise in real estate prices. However, at the same time, in spite of the soaring rates, it is still possible to get an apartment in Dubai for less than 500,000 AED. Though such places are away from the city, they will no longer be so as the city is fast expanding. The emergence of areas like the Marina and the Gardens in Dubai real estate market is an ample evidence of the same.

Real Estate Averages – Apartments, Villas and Offices

When it comes to apartments in Dubai real estate market, the five most expensive and least expensive areas are given below.
Most expensive areas for apartments:
• The Old Town Island
• Trade Centre 2
• Jumeirah Park
• Burj Dubai Downtown
• DIFC
Least expensive areas for apartments:
• International City
• Al Hamra Village
• Academic City
• Emirates Gardens
• Emirates City

Villas in Dubai start from something around 2 to 3 million AED but these are smaller in size as compared to what one gets for a higher price. Among real estate developments in the 5 to 10 million AED bracket, there is more choice when it comes to villas. By average price, the five most expensive areas for villas in Dubai are Emirates Hills, Al Barari, Jumeirah Palm, Barshaa 2 and Sufouh 1. On the contrary, the five cheapest areas are Al Reef, Jumeirah Village South, Al Hamra Village, Hydra Village and Al Salam City.

In addition to being a great holiday home, Dubai is also an upcoming business hub in the world. Consequently, Dubai real estate sector is consistently coming up with state of the art residential and commercial projects. The most expensive real estate areas for offices in Dubai are DIFC, Meydan, Old Dubai, Burj Dubai Downtown and Dubai Marina. There is no surprise that DIFC and Burj Dubai are the most costly locations in Dubai for commercial spaces. An office in DIFC can be bought for up to 35 million AED.