Dubai's Jumeira Bay leads the way in priciest waterfront homes

More Dh100m+ deals firm up Jumeira Bay island's value gains

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Manoj Nair, Business Editor
1 MIN READ
The Jumeira Bay continues to lead the way when it comes to waterfront living in Dubai.
The Jumeira Bay continues to lead the way when it comes to waterfront living in Dubai.
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Dubai: Jumeira Bay is the best-performing waterfront property investment in Dubai these days, as the pricey island destination gains from a series of Dh100 million deals.

On a year-on-year basis, Jumeira Bay island homes have gained 24%, according to data from Betterhomes. It is 'leading a wider trend across sought-after coastal communities like Palm Jumeirah, Bluewaters Island, and JBR', according to the findings from the property firm.

There are more choices now opening up for a waterside living in Dubai these days, with Palm Jebel Ali, Dubai Islands and Dubai Maritime City projects on the way.

"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?

Currently, Jumeira Bay island homes are averaging Dh4,122 per square foot, up 24% from the Dh3,313 a year ago. As for Palm Jumeirah, the current psf is Dh3,668 and a 5% gain on the Dh3,483 12 months ago.

"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.

Manoj Nair
Manoj NairBusiness Editor
Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.
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