Jumeirah Bay is Dubai's most expensive ultra-luxury neighbourhood

With an incredible Dh13,068 per square foot, Jumeirah Bay Island dominates the ultra-luxury market, greatly surpassing other affluent neighbourhoods, data shows.

- Somshankar Bandyopadhyay [e-mail]

According to research from Driven | Forbes Global Properties, Jumeirah Second and Umm Al Sheif come next, both of which have prices above Dh7,500 per square foot, demonstrating the high demand for villas and low-density beachside communities. A combination of exclusivity, limited supply, and prime waterfront or central positioning supports the continued dominance of well-known prestige locations like La Mer, Bluewater's Island, Palm Jumeirah, and Emirates Hills.

With ultrahigh net worth people and foreign buyers seeking both lifestyle and capital preservation, Dubai has successfully repositioned itself as a destination for luxury real estate, as evidenced by the high price points found in these neighbourhoods. Premium districts retain their attraction due to strong capital values, while inexpensive and mid-market zones like Jumeirah Village Circle are driving high transaction volumes.