Up-and-coming areas in Dubai, by the numbers
We call an area up-and-coming when its ready units are in the cheaper half per sqft of the areas we can measure, its prices rose over 3 years, and it sold at least as many in the last four quarters as in the same quarters 1 year earlier. Areas that pass are ranked by their yearly rise over 3 years.
For units, 4 of 52 measured areas pass all three tests. Dubai Investment Park Second rose fastest, 17.7% a year over 3 years.
- Rank 1Dubai Investment Park Second+17.7% a year +63.0% in total
- +18.5% over 1 year
- AED 746 per sqft · 217 sales, up from 197
- Rank 2Al Barshaa South Third+15.5% a year +54.1% in total
- +10.6% over 1 year
- AED 1,352 per sqft · 1,410 sales, up from 1,261
- Rank 3Madinat Al Mataar+13.5% a year +46.2% in total
- +6.8% over 1 year
- AED 1,067 per sqft · 868 sales, up from 856
- Rank 4Wadi Al Safa 3+6.5% a year +20.6% in total
- +2.9% over 1 year
- AED 996 per sqft · 1,148 sales, up from 569
How the 52 areas were narrowed down
- 52 areas had a published price change over 1 year
- 26 were in the cheaper half, at or below AED 1,377 per sqft
- 22 of those rose over 3 years
- 4 of those also sold at least as many units as 1 year earlier
How this is measured
We start from the areas with a published price change over 1 year for ready units, every size together. An area passes when its median price per sqft is at or below the middle area's, its price change over 3 years is above zero, and it kept at least as many sales in the last four quarters as in the same quarters 1 year earlier. Areas that pass are ranked by the yearly rate of their change over 3 years. We make a list only when at least 10 areas were measured. How we pick up-and-coming areas
What this does not tell you
- This is our rule, not a forecast. An area that passes it can still fall, and one that fails it can still rise.
- Price change compares medians of what sold, not the same properties resold.
- Sales under 269 sqft a bedroom are left out of every year compared. DLD records the sale of a share in a property that way, and many of them in the earlier years would make a rise look bigger than it was.
- Off-plan sales are left out, because their medians move with which projects launched.
These figures describe registered sales and rents. They are not advice on what to buy or rent.