According to data, sales trends for the first half of the year show that the average price of affordable homes rose by 8%, while prices in high-end areas rose by 19%.

Arabian Villas, Dubai Hills Estates, Downtown Dubai and Dubai Leading Land remain the top choices for high net worth investors, while smaller investors are concentrated in suburban areas such as Damac Villas 2, Business Bay and Jumeirah Village.

Dubai real estate market is set to break previous records in 2022.

Prices rose by almost 6.4% in the first half of this year. Business Bay remains one of the most sought-after areas for affordable housing in the first half of 2022.

With prices rising, the average price per square foot jumped to Dhs1,436.

This was followed by JLT and JVC as prices in these two areas rose by 5.7% and 2.8% respectively. The average price per square foot in the former remained at Dhs987, while the latter jumped to Dhs872.

The average price in Dubai Sports City also rose to Dh626 after a 3.1 percent increase.

For affordable villas, JVC rose 7.7 percent, which produced a high figure as the average price rose to Dh660.

Likewise, Dubai Land saw a 5.7% price increase to an average price of Dh816.

Damac Hills, with a 5.25% increase and an average price of Dh1,035, was the other notable affordable villa area in the first half of 2022.

Downtown Dubai saw the highest price increase of 6.7% in the first half of the year. In the luxury apartment district, the average price per square foot reached Dhs2,237.

This was followed by Dubai Marina with a price increase of almost 6% to Dh1,459 per square foot.

Dubai Hills came in third with a 5.95 percent increase, with this neighborhood recording an average of Dh1,491 per square foot.

According to the data, in addition to the above, luxury apartment prices in Palm Jumeirah and JBR also increased in the first half of the year.

The highest price increase for luxury villas was recorded in Palm Jumeirah, with an increase of slightly more than 18 percent. The average price of this high-quality community has reached Dh3,619 per square foot.

In terms of luxury property prices, Dubai Hills remains the only neighborhood to reach the double-digit mark.

With an 11.15 percent increase, its average price per square foot rose to Dh1,490, and The Villa luxury home prices rose nearly 8 percent and have jumped to Dh850.