The Dubai Property Price Charts

The UAE’s prosperous economy and the high ROI of property draw investors from all the world’s parts. The most sought-after country’s destination for foreigners is the Dubai property market with its premium residential complexes and well-advanced facilities for first-class vacations. Our specialists have prepared analytical material with a set of relevant Dubai property price charts to track the changes in the housing market and study the rise and fall of the cost per square meter. Due to the provided information and experts’ forecasts, it is possible to objectively estimate the expediency of a property purchase.

The Volume of Transactions in Dubai

One of the Dubai property market’s main trends is the constantly rising number of sales. Since Dubai is considered a supreme metropolis for living, seasonal recreation, and passive income, annually, both residents and foreign investors buy apartments and villas in this Emirates’ hub. The huge demand was also facilitated by the appearance of free-hold zones, where foreigners can purchase a housing option with the right of full ownership.

According to DXB Interact data, in the last 10 years, Dubai property price and volume charts made several significant turns. For three quarters of 2024, 130,000 transactions were concluded. This is almost three times more than in the same period of 2014.

The source: DXB Interact

The growth of deals demonstrated in this Dubai real estate chart is caused by several factors.

• The authority adheres to a fairly convenient tax system. Individuals must not pay income tax and property duty. There is only a one-time real estate registration fee.
• Dubai offers quite a high standard of living. Therefore, the city draws expats and migrants seeking rented housing options.
• The Dubai economy is characterized by stability. To date, it is booming, which creates a prospective space for conducting business.
• UAE’s property can boast a significant ROI. In popular communities, it exceeds 9%.

The Value of Dubai’s Real Estate

The Dubai property prices graph also demonstrates an increase in the total value of real estate sales in the city. As per data, in the third quarter of 2024, the sales reached a record high of 147,000,000,000 AED ($38.6 billion). 

The source: DXB Interact

As DXB Interact Dubai real estate price charts show, from January to October 2023 inclusive, the sales amounted to 323 billion dirhams; in the same period of 2024, it reached 425 billion dirhams. It indicates three trends in the property market.

• The property value is constantly rising.
• The demand doesn’t decrease.
• The premium housing options in elite Dubai communities are quite sought-after.

The Dubai Real Estate Market Graph

The Dubai market’s kernel consists of apartments and villas. Each of these real estate types has its own set of advantages. Therefore, all of them are in high demand. While apartments are the supreme choice for the lovers of vibrant urban life, villas suit those who appreciate outdoor space and a certain level of seclusion. In December 2023, flats amounted to 76% of all property, while villas were 24%.

As the Dubai real estate market chart demonstrates, the residential options under construction have become more sought-after. As per DXB Interact, from January to October 2024, it was sold 95,000 objects under construction in Dubai. The number of ready-for-occupation (RFO) real estate amounted to only 55,000. In the same period of 2023, the number of sold objects under construction came to 47,000, while deals with RFO property amounted to 62,000.

Dubai Real Estate Price Graphs

The property cost in the UAE remains consistently high. According to DLD data, over the past decade, the cost of residential real estate has increased 1.5 times.

According to the Dubai Marina real estate price graph, the property cost in the area is constantly growing. The price depends not only on real estate but also on housing location, a range of available amenities, and proximity to the primary infrastructure and entertainment facilities.

Let’s consider the real estate price chart in other popular Dubai districts. 

Average Cost for Flats in the Sought-After Dubai Communities

Average Cost for Villas in the Sought-After Dubai Communities

There are some main factors that contribute to an active property price rise.

• Due to the metropolis’s development, the large influx of foreign investors ensures high demand in the Dubai property market.
• Thanks to the arrival of thousands of expats, rental dwellings in Dubai are quite popular. It contributes to investors’ interest in property and raises the ROI index.
• Against the background of active demand for housing, developers offer numerous new projects.

As the Dubai property index charts show, allocating money in this metropolis’s real estate is a fairly profitable decision. Thanks to price growth, even in the case of reselling the object, its owner will be in the black. According to specialists’ predictions, the current market’s trends are expected to persist in the coming future.

If you intend to purchase property in Dubai, apply to the experts at Golden Bee. Our highly qualified team is ready to provide you with professional assistance in selecting and buying the housing. We’ll supply the relevant Dubai property price index charts, offer the real estate from leading developers, prepare all the documents for the transaction, and legally support the deal. If necessary, we’ll render after-sales services and give advice on getting a residence visa and moving to Dubai.