A Deeper Look into Jumeirah Golf Estates Property Trends

As Dubai’s real estate sector thrives, the highly sought-after Jumeirah Golf Estates remain a key player in the residential property market. This month, the community saw a flurry of activity, with 54 transfers registered at the Dubai Land Department, marking its ongoing popularity among buyers.

Property Transfers and Prices

In Jumeirah Golf Estates, the real estate market remains dynamic and robust, with an active flow of property transfers registered. This month, the community recorded 54 transfers at the Dubai Land Department, illustrating the ongoing demand for properties within the area.

The highest transfer for the month was a plot in Jouri Hills, which sold for a substantial AED 26,605,260, reflecting the premium attached to such coveted locations within the estate. On the other hand, the most affordable property was a 1-bedroom unit in Al Andalus B, which was transferred for AED 550,000, suggesting that Jumeirah Golf Estates caters to a wide range of budgets and buyer preferences.

The average sales price for properties in the community currently stands at AED 8,877,802, with the average price per square foot being AED 1,359. These prices are a testament to the high value of properties within Jumeirah Golf Estates and reflect the quality and exclusivity of the residential units in this prestigious development.

Mortgage vs Cash Transactions

Regarding transaction types within Jumeirah Golf Estates, cash purchases largely dominate, accounting for a notable 85% of all transactions. Mortgages, on the other hand, make up 15% of the deals.

This trend indicates a strong preference for outright purchases in this affluent community, likely driven by high-net-worth individuals and investors who recognize the long-term value and return on investment properties in Jumeirah Golf Estates can offer. The average Loan to Value (LTV) ratio for the community is 77%, which shows that even those opting for mortgage financing are making substantial down payments on their properties.

The clear skew towards cash transactions underlines the robustness of the Jumeirah Golf Estates market, where buyers are willing and able to make significant upfront investments in real estate.

Six-Month Property Price Trends

Over the past six months, property prices in Jumeirah Golf Estates have shown an upward trend. The data shows a rise in the average price, from AED 10,215,938 in December to AED 8,877,802 in May. Despite a slight drop in February and March, prices quickly rebounded, underlining the resilience of this market.

Below is a breakdown of the average sales price over the last six months:

• December: AED 10,215,938
• January: AED 7,488,676
• February: AED 5,512,868
• March: AED 6,879,561
• April: AED 7,649,420
• May: AED 8,877,802

This positive trend indicates strong investor confidence in Jumeirah Golf Estates as a luxury real estate market. The region’s allure is underscored by its high quality of life and world-class amenities, making it a highly sought-after residential community in Dubai.

Rental Trends

The rental market in Jumeirah Golf Estates has also shown stability over the past six months. Total rental transactions ranged from 24 in December to a peak of 38 in January before levelling off to around 32 in May.

Here is a detailed look at the rental transactions over the last six months:

• December: 24 total transactions (18 new contracts, six renewals)
• January: 38 total transactions (22 new contracts, 16 renewals)
• February: 29 total transactions (13 new contracts, 16 renewals)
• March: 29 total transactions (16 new contracts, 13 renewals)
• April: 36 total transactions (23 new contracts, 13 renewals)
• May: 32 total transactions (19 new contracts, 13 renewals)

Interestingly, while the total number of transactions has seen slight fluctuations, the number of new contracts and renewals shows a more stable trend. That indicates a steady demand for rental properties in Jumeirah Golf Estates.

On the Market: Featured Properties

Among the premium properties currently on the market, a luxurious 3-bedroom villa in Jumeirah Luxury is available for AED 3,949,950, boasting a park view and a prime location. For those with a larger budget, a custom-built 5-bedroom property with a golf course view in Wildflower is listed for AED 16,500,000.

Conclusion

With its lush landscapes, stunning properties, and world-class amenities, Jumeirah Golf Estates remains an attractive investment destination. The community’s sustained real estate activity, the range of properties, and the steady price trends are all positive signs for both current residents and prospective buyers. For those considering a move or investment, Jumeirah Golf Estates offers promising prospects in one of Dubai’s most prestigious locations.