Dubai property prices rise for the 17th consecutive quarter

In 2023, Dubai’s real estate prices surged by an average of 20%, marking the fifth consecutive year of growth. Rental rates also increased by 18%, with this positive trend expected to continue into the future.

It’s time to stop hesitating and start investing

• In Q3 2024, sales of new developments jumped by 51% compared to the same period in 2023.

• Sales of luxury properties rose by 41%.

• Secondary market transactions increased by 19% year-on-year.

• The average transaction price across all segments grew by 20%.

• Over the past year, apartment rental rates climbed by 19%, while villa rentals grew by 13%.

• Lease renewals also increased by 16%.

What this means for investors

Dubai remains a reliable and profitable investment destination. With a growing population, the construction of new districts and islands, and major corporations relocating their businesses to the city, the real estate market is set to accelerate even further.