Which Dubai apartment communities saw the steepest annual price declines in July?

Burj Khalifa experienced a **19%** annual price decline, Jumeirah Beach Residence saw a **15.1%** drop, and Town Square recorded an **8.4%** decrease in July, according to ValuStrat.

What was the overall annual decline for Dubai apartment values in July?

Overall, apartment values in Dubai were **4.2% lower** in July compared to the same period last year, according to the ValuStrat Price Index (VPI). Monthly, values eased by 0.2%.

What was the weighted average capital value for apartments in Dubai during July?

The citywide weighted average apartment capital value in July was **AED 1,786,625**, with a weighted average value of **AED 1,397 per square foot**.

Which Dubai apartment communities saw annual price gains in July?

Dubai Silicon Oasis led annual growth at **6%**, followed by Dubai Sports City at **5.4%**, and Al Quoz Fourth at **5%**.

What is the current trend in ready home versus off-plan property sales in Dubai?

Ready home transactions increased by **11.4% month-on-month** in July, while off-plan registrations fell by **1.1% month-on-month**, indicating a shift in buyer preference towards completed properties.

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Development·12 August 2026

Dubai Apartment Prices Decline in Key Areas as Ready Homes Gain Traction in July

Dubai's apartment market experienced a 4.2% annual price decline in July, with Burj Khalifa and Jumeirah Beach Residence showing the steepest drops, according to the ValuStrat Price Index.

The residential property market in Dubai showed further signs of cooling in July, with apartment values registering an annual decline of 4.2%, as per the latest ValuStrat Price Index (VPI). Month-on-month, apartment values eased by 0.2%.

Apartment Price Movements

Certain apartment communities experienced significant year-on-year price corrections:

Burj Khalifa: Prices fell by 19% annually.
Jumeirah Beach Residence (JBR): Saw a 15.1% decline.
Town Square: Prices were down 8.4%.

Conversely, some areas recorded annual gains, including Dubai Silicon Oasis, which led with a 6% increase, followed by Dubai Sports City at 5.4%, and Al Quoz Fourth at 5%.

The citywide weighted average apartment capital value in July stood at AED 1,786,625, translating to a weighted average of AED 1,397 per square foot. Despite recent dips, older freehold apartment prices remain 69% above post-pandemic levels, though still 8% below the 2014 market peak.

Villa Market and Transaction Trends

Villa capital values also saw a slight dip of 0.4% month-on-month in July, maintaining an annual growth rate of 0.0%. Strong annual gains for villas were noted in Jumeirah Islands (+15%), Emirates Hills (+9.1%), and The Meadows (+7.1%).

Transaction data revealed a continued shift in buyer preference towards ready homes. Ready-home transactions increased by 11.4% month-on-month, reaching 3,546 transactions. In contrast, off-plan property registrations (Oqood) fell by 1.1% month-on-month and were down 45.3% year-on-year, with 9,475 transactions. Despite this, off-plan sales still constituted 72.8% of all residential sales in July.

Marginal monthly value declines suggest the market is moving toward stability.

Ultra-prime sales in the ready-home segment included 22 transactions exceeding AED 30 million, with six deals over AED 50 million, concentrated in areas like Palm Jumeirah, Dubai Hills Estate, and Emirates Hills. Azizi led developer sales with a 28.4% share, followed by Damac at 7.9%.

Frequently asked

Questions, answered

Which Dubai apartment communities saw the steepest annual price declines in July?: Burj Khalifa experienced a **19%** annual price decline, Jumeirah Beach Residence saw a **15.1%** drop, and Town Square recorded an **8.4%** decrease in July, according to ValuStrat.
What was the overall annual decline for Dubai apartment values in July?: Overall, apartment values in Dubai were **4.2% lower** in July compared to the same period last year, according to the ValuStrat Price Index (VPI). Monthly, values eased by 0.2%.
What was the weighted average capital value for apartments in Dubai during July?: The citywide weighted average apartment capital value in July was **AED 1,786,625**, with a weighted average value of **AED 1,397 per square foot**.
Which Dubai apartment communities saw annual price gains in July?: Dubai Silicon Oasis led annual growth at **6%**, followed by Dubai Sports City at **5.4%**, and Al Quoz Fourth at **5%**.
What is the current trend in ready home versus off-plan property sales in Dubai?: Ready home transactions increased by **11.4% month-on-month** in July, while off-plan registrations fell by **1.1% month-on-month**, indicating a shift in buyer preference towards completed properties.

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Google News — Prices & Transactions (7d)

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This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.

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