Average price per square foot in Dubai: Villas and apartments.

When buying a property in Dubai, most buyers consider the number of bedrooms, amenities, and location of the project to judge its worth. What is often ignored is the square footage. Interestingly, your definition of expensive and affordable properties may change dramatically when looking at the average per-square-foot price in Dubai.

So, how do you get the best value for your money? Coming up next is an overview of the price per square foot in Dubai 2024 for the most in-demand apartment and villa communities.

Average price per square foot in Dubai’s top apartment communities

Regardless of your property preference, the average per-square-foot price is always worth considering. Remember, this information can make your investment more profitable in the long run.

We have listed the top residential communities in Dubai and their average prices per square foot to offer a key insight into the emirate’s real estate market. Let’s start with areas that are trending for apartment sales.

JUMEIRAH VILLAGE CIRCLE (JVC)

Jumeirah Village Circle is a family-friendly neighborhood developed by Nakheel, one of Dubai’s leading real estate developers. Located close to The Springs and Al Barsha, the area is well-connected to the rest of the city via Al Khail Road (E44) and Hessa Street (D61). 

Regarding the average cost per square foot, apartments for sale in JVC offer reasonably priced options with a high expected ROI.

  • For apartments in JVC, the average sales price per square foot is AED 1,366.
  • The good news for potential investors is that 7.40% is the expected ROI.
DUBAI MARINA

Dubai Marina is home to some of the most luxurious skyscrapers and apartment complexes. This centrally located area in Dubai has a range of residential buildings with high-end amenities. The district also ensures easy access to schools, supermarkets, public transport and parking. There are several apartments for sale in Dubai Marina that investors can consider.

  • The average sales price per square foot for apartments in Dubai Marina is AED 2,102.
  • The ROI stands at 5.84%.
BUSINESS BAY

Business Bay is a mixed-use locality that offers a diverse set of properties. Investors can find apartments for sale in Business Bay in different sizes and layouts. Most high-rises and complexes in the area come with top-notch amenities. From supermarkets to restaurants, residents of Business Bay can find it all in the area.

  • The average sales price per square foot you would have to pay to buy an apartment in Business Bay is AED 2,315.
  • The expected ROI is 5.56%.
DOWNTOWN DUBAI

Downtown Dubai is an ideal residential community home to renowned tourist attractions, including Dubai Mall and Burj Khalifa. Mostly, you will find apartments, but Downtown Dubai also has some villas. Easy access to transportation, plenty of entertainment activities and a long list of pros of living in Downtown Dubai encourage investors to buy properties in the area.

  • The average sales price per square foot for apartments in Downtown Dubai is AED 3,107.
  • The ROI for apartments in Downtown Dubai is 5.43%.
JUMEIRAH LAKE TOWERS (JLT)

Bordering four artificial lakes, Jumeirah Lakes Towers is a mixed-use community that has been a constant hit with singles as well as families. Based on the available amenities and projected return on investment, the real estate properties in this vicinity provide excellent value for money.

  • The average sales price per square foot for flats in JLT is AED 1,702.
  • The expected ROI is 6.73%.

Average price per square foot in Dubai’s top villa communities

If you prefer larger accommodation that offers privacy and exclusive amenities, consider the trending villa communities in the city.

THE SPRINGS

Next up, we look at The Springs. The quaint villa community offers a relaxed lifestyle and is perfect for anyone looking for a family home. The community has beautiful lakes, green landscaping and elegant houses. You can find as many as 4,800 houses in this Emaar development.

  • The average price per square foot for villas in the Springs is AED 1,832.
  • The ROI stands at 5.04%.
ARABIAN RANCHES

Arabian Ranches by Emaar is a family-family neighborhood and one of Dubai’s top areas to buy luxury villas. The presence of the Arabian Ranches Golf Club in the community adds further value to residents’ living experiences. If you are looking for villas in Dubai, you should consider buying villas in Arabian Ranches.

  • AED 1,969 is the average-price-per-square-foot you would have to pay to buy a villa in Arabian Ranches.
  • The ROI is 4.31%.
DUBAI HILLS ESTATE

Spanning 11 million sq. ft., Dubai Hills Estate is another area on our list that offers excellent value for money on property sales. Home to the 18-hole Dubai Hills Golf Club and the gigantic Dubai Hills Mall, it is a relatively new community. Hence, you will find that villas here are designed as per modern tastes and preferences.

Another major plus is villas for sale in Dubai Hills Estate offer top amenities.

  • The average price per square foot for villas in Dubai Hills Estate is AED 2,521.
  • The expected ROI is 4.65%.
DAMAC HILLS 2

DAMAC Hills 2 is connected to four major highways and is set around a glorious golf course, landscaped gardens, leafy boulevards, water fountains and parks. Hence, commuting to the rest of the emirate is not a problem. Previously known as Akoya Oxygen, it is the first green community in the emirate. You can find apartments, villas and townhouses in the area.

  • AED 923 is the sales price per square foot for villas in the community.
  • The ROI offered by villas in the area is 6.60%.
PALM JUMEIRAH

Palm Jumeirah is a massive, man-made island resembling a palm tree. Located along the Arabian Sea coast, it comprises a central “trunk,” a curved “crescent”, and 16 “fronds.” This luxurious development offers a stunning array of villas, townhouses, apartments, and hotels, along with world-class amenities.

Villas for sale in Palm Jumeirah have the highest average price per square foot Dubai:

  • AED 5,860 is the price per square foot for Palm Jumeirah villas.
  • Villas in the area offer an ROI of 3.76%.

That concludes our post on the average per sq. ft. prices in Dubai’s top communities. Selecting a place to live requires extensive research, and there are multiple factors to consider. However, comparing average prices per square foot between different properties can give you a good idea about the value of the money you will be spending. So, look beyond the big number, i.e. sales prices and make a well-informed decision.

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