Dubai Hills Estate Townhouses and Villas 2024 Resale Report
(1st January - 31st December 2024)
AED 2,377
Average price per sq. ft
Compared to 2023
444 transactions
AED 6.161B total resale value
Townhouses & Villas in Dubai Hills Estate 2024 Resale Report
Executive Summary
Four-bedroom units led resale activity in Dubai Hills Estate in 2024 with 172 transactions at an average price of AED 7,173,477, down 13.0% in transaction count year-over-year. Five-bedroom units recorded 118 transactions at an average price of AED 14,273,713, with transaction count up 7.0% year-over-year, while six-bedroom units saw 47 transactions at an average price of AED 33,813,238, marking a 52.0% increase in transaction count year-over-year. Three-bedroom units accounted for 88 transactions at an average price of AED 5,621,163, a decline of 25.0% in transaction count compared to 2023. The off-plan primary market in Dubai Hills Estate recorded 86 transactions in 2024 with a total value of AED 1,070,894,374, representing a smaller share of activity compared to the 444-unit resale market.
Key Facts
- Dubai Hills Estate townhouses and villas recorded an average resale price per square foot of AED 2,377 in 2024, representing a 22.6% year-over-year increase.
- The community registered 444 resale transactions in 2024, a 15.1% decline compared to 2023.
- Total resale transaction value in Dubai Hills Estate reached AED 6,160,764,511 in 2024, an 11.5% year-over-year increase.
- All 444 resale transactions in 2024 were for ready properties, with zero off-plan resale activity recorded.
- Four-bedroom units led resale activity with 172 transactions at an average price of AED 7,173,477, down 13.0% in volume year-over-year.
- Six-bedroom villas recorded 47 transactions in 2024 at an average price of AED 33,813,238, a 52.0% increase in transaction count year-over-year.
- Five-bedroom units accounted for 118 transactions at an average price of AED 14,273,713, reflecting a 7.0% year-over-year increase in volume.
Key Performance Indicators
Key Performance Indicators
Resale - 2024
Rental - 2024
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did Dubai Hills Estate Townhouses & Villas transactions split between off-plan and ready in 2024?
In 2024, Dubai Hills Estate townhouses and villas recorded exclusively ready-property transactions, with off-plan sales accounting for 0.0% of both deal count and transaction value. All 100.0% of transactions by volume and 100.0% by value in AED terms were completed properties, indicating zero new launches or pre-construction sales activity during the year. The identical distribution across transaction count and value metrics shows no average-deal-size differential between the two completion categories, as the entire market consisted of ready units.
Which Townhouses & Villas bedroom configurations recorded the highest resale activity in Dubai Hills Estate during 2024?
In Dubai Hills Estate during 2024, four-bedroom townhouses and villas recorded the highest transaction volume at 172 sales, with an average price of AED 7,173,477. Five-bedroom units followed with 118 transactions at AED 14,273,713, while three-bedroom properties captured 88 sales at AED 5,621,163 and six-bedroom homes registered 47 transactions at AED 33,813,238—a 52% year-on-year increase in count. Average prices across reportable segments ranged from AED 5,621,163 for three-bedroom units to AED 33,813,238 for six-bedroom properties, spanning a factor of approximately six.
Performance by Bedroom Type
Price Insights by Bedroom
| Bedrooms | Avg Price | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| 3 B/R | AED 5,621,163 | +18.4% | 88 | -25% |
| 4 B/R | AED 7,173,477 | +20.2% | 172 | -13% |
| 5 B/R | AED 14,273,713 | +53.4% | 118 | +7% |
| 6 B/R | AED 33,813,238 | +39.7% | 47 | +52% |
| 7 B/R | AED 172,500,000 | +228.6% | 2 | -50% |
| 10 B/R | AED 30,000,000 | N/A | 1 | N/A |
| 8 B/R | AED 30,000,000 | N/A | 1 | N/A |
Transaction Distribution by Bedroom
Transaction Volume by Bedroom Type - 2024
| Bedroom Type | Transactions |
|---|---|
| 3 B/R Bed | 88 |
| 4 B/R Bed | 172 |
| 5 B/R Bed | 118 |
| 6 B/R Bed | 47 |
| 7 B/R Bed | 2 |
| 10 B/R Bed | 1 |
| 8 B/R Bed | 1 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did off-plan primary-market sales of Townhouses & Villas in Dubai Hills Estate perform in 2024?
In 2024, Dubai Hills Estate Townhouses & Villas recorded 86 off-plan transactions with a combined value of AED 1,070,894,374, representing year-on-year increases of 120.5% in volume and 24.4% in value. Off-plan activity constituted a smaller segment of the market compared to resale transactions, which totaled 444 deals worth AED 6,160,764,511 during the same period. The divergent growth rates between transaction count and total value in the off-plan segment indicate a shift in unit size or price point mix within new developer inventory.
Rental Summary
Rental Contract Distribution - 2024
Contract Types
Rental Insights by Bedroom
| Bedrooms | Avg Rent | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| 3 B/R | AED 281,156 | +16.5% | 485 | -26% |
| 4 B/R | AED 331,420 | +19.5% | 606 | -27% |
| 5 B/R | AED 449,743 | +32.5% | 206 | -26% |
| 6 B/R | AED 2,086,982 | +55.9% | 18 | +12% |
| 7 B/R | AED 1,797,538 | N/A | 1 | N/A |
| 8 B/R | AED 2,000,000 | N/A | 1 | N/A |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Dubai Townhouses & Villas Market Context -- 2024
Dubai's real estate market recorded 168,955 sale transactions and 467,487 rental transactions in 2024, with rental activity accounting for the majority of overall market volume. Within the sales segment, initial sales represented 65.9% of transactions (compared to 34.1% resales), indicating continued strength in primary market activity across the emirate. The rental market saw 61.9% of contracts categorized as renewals versus 38.1% new contracts, reflecting a substantial tenant retention rate during the year. These Dubai-wide figures provide context for evaluating the performance of specific communities such as Dubai Hills Estate Townhouses & Villas within the broader metropolitan market.
Dubai Overall Market Context
Dubai Townhouses & Villas Market Totals - 2024
| Category | Percentage |
|---|---|
| Initial Sale | 65.9% |
| Resale | 34.1% |
| Category | Percentage |
|---|---|
| New | 38.1% |
| Renewal | 61.9% |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Frequently Asked Questions
What was the average price per square foot for resale townhouses and villas in Dubai Hills Estate in 2024?
How many resale transactions occurred for townhouses and villas in Dubai Hills Estate in 2024?
What was the total transaction value for resale townhouses and villas in Dubai Hills Estate in 2024?
What was the average price for a 4-bedroom resale villa in Dubai Hills Estate in 2024?
What was the average price for a 5-bedroom resale villa in Dubai Hills Estate in 2024?
What percentage of townhouse and villa transactions in Dubai Hills Estate in 2024 were ready properties?
What was the total value of off-plan primary market townhouse and villa sales in Dubai Hills Estate in 2024?
Methodology
This report analyzes Dubai Hills Estate townhouse and villa resale transactions recorded by Property Monitor during the full 2024 calendar year, comparing key metrics against the equivalent 2023 period to derive year-on-year percentage changes in average price per square foot, transaction count, and total transaction value. Property Monitor aggregates registration data from the Dubai Land Department, which serves as the official record of completed property transfers in the emirate. Readers should note that the 444 resale transactions captured exclude off-plan sales, which are tracked separately and totaled 86 units in the same period; this methodological split means that average per-square-foot pricing reflects only secondary market transfers of completed units and may not represent pricing dynamics in pre-construction inventory.
Glossary
- PSF
- Price per square foot, calculated by dividing a property's total sale price by its built-up area in square feet. The standard metric for comparing property values across different sizes and communities in Dubai real estate.
- Off-plan
- A property purchased before construction is complete, typically sold by developers with payment plans tied to construction milestones. Buyers take ownership upon project completion and handover.
- Secondary market
- The resale market where properties are sold between private owners rather than directly from developers. Also called the resale market, it includes both ready properties and off-plan units being resold before completion.
- Ready property
- A completed, move-in ready property where construction is finished and the buyer can take immediate possession. Distinguishes from off-plan properties still under construction.
- Resale Off-Plan Origin
- A transaction where a buyer resells an off-plan property they previously purchased from a developer, before construction is complete. The unit is still under development but changes hands between private parties.
- Resale
- A transaction between two private parties for a completed property, where neither party is the original developer. The property has been previously owned and is being sold on the secondary market.
- Townhouse
- A multi-story residential unit that shares one or more walls with adjacent units, typically part of a planned community with shared amenities. Common in master-planned developments like Dubai Hills Estate.
- Villa
- A standalone detached residential property, typically single-family, with private outdoor space. Villas generally offer more privacy and land than townhouses or apartments.
- Built-up area
- The total covered floor area of a property measured in square feet, including all internal spaces. Used as the denominator when calculating price per square foot (PSF).
- Master-planned community
- A large-scale residential development designed with integrated infrastructure, amenities, parks, and mixed-use facilities. Dubai Hills Estate is a master-planned community offering villas, townhouses, and apartments with shared recreational facilities.
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