Average residential prices Dubai 2008-2022

According to ValuStrat, the average residential prices in Dubai reached around 1,223 United Arab Emirates dirhams (AED) in 2022, rising from around 894 AED in 2020.

Real estate market in Dubai

Despite the impact of the global COVID-19 pandemic on the real estate market, Dubai's real estate sector continues to show resilience and remains a lucrative investment option. In the first quarter of 2021, the real estate transactions in Dubai amounted to approximately 25 billion U.S. dollars in value. With its emphasis goal of transforming into a high-end tourist destination, Dubai has become an appealing choice for real estate investors. In 2019, investment villas made up most urban buildings in the emirate, with around 72 thousand units.

Residential market outlook

The residential market in Dubai has experienced substantial growth in recent years. In 2022, it was projected to witness the addition of approximately 45 thousand new apartments and seven thousand new villas. These additions contribute to the existing supply of 743 thousand residential units in the emirate for that year. According to the same source, in December 2022, the capital prices of residential apartments in Jumeirah Beach Residence, Dubai, stood at approximately 2.5 million United Arab Emirates dirhams. This represented a 5.7 percent growth in capital values compared to the prior year. With its strong market presence and attractive investment opportunities, Dubai's residential market remains a key player in the region.