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According to ValuStrat, the average residential prices in Dubai reached around United Arab Emirates dirhams (AED) in December 2024, rising from around *** 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 ** billion U.S. dollars in value. With its emphasis on the 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 * 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 ** thousand new apartments and thousand new villas. These additions contribute to the existing supply of ** 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 *** million United Arab Emirates dirhams. This represented a *** 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.