As the upscale island resort benefits from a string of Dh100 million purchases, Jumeira Bay is currently Dubai’s best-performing waterfront real estate investment.
Betterhomes statistics shows that island properties in Jumeira Bay have increased by 24% year over year. The property firm’s findings indicate that it is ‘leading a wider trend across sought-after coastal areas like Palm Jumeirah, Bluewaters Island, and JBR’.
With Palm Jebel Ali, Dubai Islands, and Dubai Maritime City projects in the works, more options for living by the sea are becoming available in Dubai these days.
“The data points to a sustained demand for luxury beachfront living, driven by scarcity, international interest, and a shift toward lifestyle-led investment,” says the Betterhomes report.
How are the property values looking?
The average price of an island home in Jumeira Bay is currently Dh4,122 per square foot, which is 24% more than it was a year ago (Dh3,313). Palm Jumeirah’s current PSF is Dh3,668, which is 5% higher than it was a year ago at Dh3,483.
“Dubai’s most sought-after waterfront neighbourhoods like Jumeirah Beach Residence (JBR), Jumeirah Bay Island, Palm Jumeirah, and Bluewaters Island are continuing to outperform, with average prices per square foot rising between 8% and 10% year-on-year,” the report said.
