The Average House Price in Dubai

Dubai is often considered a city of large opportunities. It perfectly suits business conduct, housing investment, recreation, and constant living. Purchasing a property in this metropolis can allow the buyer to get not only a perfect place for residence and vacations, but also significant revenue, a residence visa, and access to the well-advanced infrastructure. To date, Dubai is among the most sought-after property markets. In this review, our experts will talk about the average house price in Dubai and the aspects determining the value of real estate.

Average House Price in Dubai: Figures and Trends

Monthly, dozens of real estate transactions are carried out in Dubai. From January to June 2024, more than 43,000 residential units with a common value exceeding 123 billion dirhams were purchased. Among the prevailing trends in the market is the gradual growth of prices. As Bayut data demonstrate, in the first six months of 2024, price rise was especially noticeable in the villa segment, when the cost of most villas in DAMAC Hills 2 increased by 41%. In other neighborhoods, the prices, on average, rose by 5–20%. 

The property price varies depending on the unit’s type. The tiny studios typically cost $3,500 per square meter. The cost of regular apartments varies from $3,500 to $8,500 per m². The average house price in Dubai is about $8,500 per m² for villas and $4,200 per m² for townhouses. The price range for Dubai property is rather vast and involves both affordable and elite options. For example, it is possible to acquire a small two-bedroom villa worth $160,000 and buy an elite mansion with an area exceeding 600 sq. m worth $11,200,000. A standard villa costs approximately $800,000.

The DXB Interact statistics allow tracing the average home price in Dubai in the last decade. 

Factors Determining the House’s Value

The average home price in Dubai depends on numerous factors, such as real estate location, its living area, the developer’s policy, and the available facilities.

Position

The price is formed with consideration of transport accessibility, the community’s prestige, the availability of park zones, and proximity to shopping facilities, schools, clinics, and kindergartens.

• Dwellings in the districts within a 30-minute drive of the city’s central part cost approximately $4,000.
• The average price of a property situated a 10-minute drive from Downtown Dubai amounts to $5,600.
• The residential units in the central part of the metropolis and the sought-after neighborhoods are pricey. The elite houses cost $7,500–16,500, but with the assistance of property experts, it is possible to select significantly cheaper housing options.
• The flats and houses on the first coastline are the market’s gems. In several cases, their price per sq. m exceeds $18,000.

The Average Property Price in Dubai’s Neighborhoods

Living Area

Average house cost in Dubai is also up to the property’s area. The most inexpensive units are studios priced at $100,000. The cost of flats is directly determined by the number of rooms. As for houses, a townhouse with a tiny plot can cost $150,000; a three-bedroom villa with a pool is available at $245,000; the price of a mansion with 7 bedrooms can exceed $5,500,000. 

The Class of Real Estate

Each property option has its own set of accessible amenities for dwellers. They may include smart technologies, in-house cinemas, and pools, as well as concierge service, innovative safety systems, etc. According to the available facilities, the residential units are classified into three large groups.

• Economy-class dwellings are affordable even to investors with a modest budget. They are typically situated on the metropolis’s outskirts. The price in this sector varies from $1,400 to $3,600 per sq. m.
• Comfort-class objects are well outfitted with various amenities and located in the immediate vicinity of high-quality infrastructure. The average Dubai house price is approximately $6,200 per m².
• The elite-class sector involves magnificent penthouses, premium villas, and ultramodern mansions. This property often offers its inhabitants exclusive exterior and interior design solutions, smart technologies, and access to the private beaches. Their cost begins at $10,000.

The Stage of Building

As a rule, the average price of a ready-to-move house in Dubai is significantly higher than the cost of a unit that is under construction. Off-plan options can be 20% cheaper than the analogical ready facility. According to the opinions of experienced investors, the most cost-effective variant is to purchase a house at the excavation stage.

The Experts’ Assistance

Those who decide to acquire property with the assistance of a real estate agency can count on more beneficial options and a lower average home cost in Dubai. It is partly facilitated by the awareness of specialists about the market situation and the availability of direct communication with developing companies. 

Are you in search of a spacious house or a flat in Dubai? Contact our managers. We supply the full range of services related to rapid and convenient property acquiring.

• Our team will clear up your request and arrange for you a set of suitable residential units.
• From the average cost of a home in Dubai to the peculiarities of the successful investment process, we’ll inform you in all the details.
• Our team will prepare documents for the deal and legally support the procedure of the SPA signing.
• We’ll offer after-sales support and any advisory from the top property experts.
• We guarantee profitable offers from reliable developing companies on comfortable terms.