Dubai real estate market retains its appeal to investors. A combination of the Emirate’s innovations, technological transformations and strategic location creates a benign environment for transformation of the real estate market, boosting stable growth and development in the long run.

In Q3 2024 the volume of sales surged by 52% year-on-year.

Vibrant development and urban regeneration are going on. New residential projects are commissioned, above all, in Meydan One and JVC neighborhoods. Overall, 19,700 new units were rolled out to the Dubai residential market in Q3 2024. Bringing a large number of residential projects out to the market in new areas being currently developed led to the correction of the weighted average price of transactions amid the changing structure of supply and respective demand in favor of more affordable products. The price per sq. ft. amounted to 1,771 AED (5,147 USD/sq. m.). At the same time, stable price growth can be observed in the most popular areas of Dubai.

In the rental market for the last 12 months, you can observe an increase in rates (+23%). The number of transactions with apartments and villas increased by 6% and 16% respectively.