DAMAC Hills 2 was the most popular area among buyers of affordable villas. It features an ROI of 6.47 % and an average price of AED 1.4M (USD 381K). Among other popular areas offering affordable villas were Dubailand, Jumeirah Village Circle, Al Furjan and Dubai South. People looking for luxury villas showed interest in Dubai Hills Estate with an average sales price of AED 14.3M (USD 3.9M) and a rental yield of 5.1 %. Palm Jumeirah, Jumeirah Park, DAMAC Hills and Arabian Ranches are also at the top of ideal areas for luxury villas.
As for rental prices, Dubai Marina was the most favoured destination on a yearly basis. Rental costs in the area grew by 12.5 % in H1 2023, with an average cost of AED 144K (USD 39K). Tenants looking for yearly luxury properties were also interested in Business Bay, Downtown Dubai, Jumeirah Beach Residence (JBR) and Dubai Hills Estate.
Dubai Marina is also at the top of most sought-after areas for monthly rentals and saw a price drop of 11 %. Among other areas are Jumeirah Village Circle (JVC), Deira, International City, Bur Dubai and Al Nahda.