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

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.

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.