Dubai's residential market cooled in July, with Burj Khalifa seeing the steepest price drop at 19% annually. JBR and Town Square also saw significant declines, while overall apartment values fell slightly.
Our retelling · details in the original publication
Dubai's residential property market showed further signs of cooling in July. According to the ValuStrat Price Index, several key communities recorded significant annual price drops. Burj Khalifa led the decline with prices falling 19% year-on-year. Jumeirah Beach Residence followed with a 15.1% decrease, while Town Square saw values drop by 8.4%. Overall, apartment values across the city eased by 0.2% month-on-month. This leaves the segment 4.2% below its level from a year ago. The citywide weighted average apartment capital value now stands at Dh1,786,625. The average price per square foot is Dh1,397. These shifts indicate a changing market dynamic for potential buyers. Details are in the original publication.
Want to know how this affects you?
Ask the ecosystem on Telegram — I'll personally shortlist 2–3 properties that benefit from this change.
