Authored by the expert who managed and guided the team behind the United Arab Emirates Property Pack
Yes, the analysis of Dubai's property market is included in our pack
Are you considering investing in Dubai's real estate market? Curious about the trends shaping property values in 2025? Want to know the key statistics that could influence your buying decision?
We will lay down recent insights, providing a clear picture of the market's trajectory. Here, no guesswork, we rely only on solid data.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the United Arab Emirates Property Pack
Fact-checked and reviewed by our local expert
Jean-Charles Salvin 🇫🇷
Co-Founder, Best Dubai Condos
1) 15% of Dubai's residential property sales were in cryptocurrency, showing its growing acceptance
In 2024, nearly 15% of residential property sales in Dubai were completed using cryptocurrency.
By November 2024, the Dubai crypto real estate sector saw transactions totaling AED 625 billion. This marked a significant leap, with a 38% rise in transaction volume and a 23% increase in value compared to 2023. More people are clearly buying and selling properties with cryptocurrencies.
Residential properties dominated these deals, making up about 91.7% of the transactions. This trend shows a strong interest in using digital currencies for home purchases. Major developers like Emaar and DAMAC Properties have embraced this shift, accepting digital currencies and boosting their appeal.
Sources: Aliya's Real Estate
2) GCC nationals are driving a 15% surge in Dubai property purchases, showing strong regional interest
In 2024, Dubai's real estate market experienced a 15% increase in properties purchased by GCC nationals.
One major reason for this surge is Dubai's favorable tax policies and economic stability, which offer a secure environment for investment. These conditions have made GCC nationals feel confident about putting their money into Dubai's real estate. The introduction of long-term visas has also played a part, making it easier for investors to see Dubai as a place for viable long-term investment.
The real estate market in Dubai has been performing exceptionally well, with record-breaking transactions in 2024. In the third quarter alone, there were 50,425 transactions, which is a 38% increase from the previous year. This kind of activity has only strengthened the confidence of GCC nationals, encouraging them to invest even more.
Sources: Knight Frank, Economy Middle East
Everything you need to know is included in our Real Estate Pack for Dubai
3) Dubai's real estate transactions surpassed AED 500 billion in 2024, setting a historic record
In 2024, Dubai's real estate market hit a historic milestone, surpassing AED 500 billion in transactions.
By the end of October 2024, the market had already seen AED 435.6 billion in sales from 150,651 transactions. This was a significant leap from the previous record of AED 409.8 billion in 2023, showing a strong upward trend. The third quarter of 2024 alone was impressive, with 50,425 transactions bringing in AED 141.95 billion, marking a 30% increase compared to the same period in 2023.
Dubai's strategic location and government initiatives have been key in boosting property demand. The city has become a magnet for foreign investors, thanks to proactive government efforts to attract them. Developers have also sweetened the deal by offering attractive payment plans and incentives, making the market more competitive and appealing.
Sources: Consultancy ME, The Luxury Playbook, QBD Blog
4) Over 25% of Dubai property sales were resales, showing strong secondary market activity
In 2024, over 25% of properties sold in Dubai were secondary market transactions.
This means a significant portion of the market involved reselling existing properties, highlighting a vibrant resale scene. Such activity indicates a healthy real estate environment, where buyers and sellers are actively engaging in the market.
The term "healthy resale activity" reflects a robust secondary market, with numerous properties changing hands. This is a positive indicator, suggesting a steady demand and a balanced flow of transactions, keeping the market dynamic.
In the broader context, Dubai's real estate market experienced notable growth between 2023 and 2024. There was a 30% increase in property transactions year-over-year, showcasing the market's upward trajectory.
Specifically, in July 2024, property sales surged by 31.63% compared to July 2023. This growth spanned various segments, from luxury areas like Palm Jumeirah to more budget-friendly locales such as Dubai Silicon Oasis.
Sources: The Luxury Playbook, Economy Middle East, Zawya
5) Dubai's residential rental yields are soaring at 6% to 8%, ranking among the world's highest
In 2023 and 2024, Dubai's residential property market boasted rental yields between 6% and 8%, ranking among the highest worldwide.
Why such high returns? It's all about demand. Dubai's growing expatriate population and its ever-evolving economy have created a bustling rental market. Take Dubai Silicon Oasis, for example, where rental yields soared to 9.29% in 2024, showcasing the area's appeal.
Another game-changer has been the introduction of long-term visas. This policy has not only made real estate transactions smoother but also boosted investor confidence, making Dubai even more attractive for long-term investments.
These factors combined have reinforced trust in the local market, contributing to the impressive rental yields. Investors are drawn to Dubai, seeing it as a stable and lucrative option for their portfolios.
With such a dynamic market, it's no wonder that Dubai continues to be a hotspot for real estate investment. The city's unique blend of opportunity and growth potential makes it a standout choice.
Sources: Homeland, The Luxury Playbook, Intlbm.com
Get fresh and reliable information about the market in the United Arab Emirates
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
6) Expatriates bought 65% of Dubai's high-end properties, highlighting the city's strong global appeal
In 2024, nearly 65% of high-end properties in Dubai were purchased by expatriates, showcasing the city's global appeal.
Dubai's property market is booming, with a more than 30% increase in volume during the first half of 2024. This surge is largely due to high rental yields and easy real estate financing, making it a magnet for international buyers.
British investors are leading the charge, followed by Indians, Chinese, Lebanese, and Canadians. This diverse mix of nationalities highlights Dubai's strong appeal to a global audience, drawing people from all corners of the world.
Luxury areas like Dubai Marina and Business Bay are particularly popular among expatriates. The demand for high-end properties in these areas has increased, further supporting the trend of expatriates purchasing high-end properties.
Expatriates are not just buying homes; they are investing in a lifestyle. The city's vibrant culture, modern amenities, and strategic location make it an attractive option for those looking to settle in a cosmopolitan environment.
Sources: Gulf Business, GMG Asia
7) Dubai's villa communities are seeing a 20% surge in rental demand as families seek spacious living options
In 2024, Dubai's villa communities experienced a 20% rise in rental demand as families sought more spacious living options.
This surge was part of a larger trend where 40% of home seekers were interested in buying big villas. Among these buyers, a significant 85% were looking for villas with three or more bedrooms, highlighting a clear preference for more space. This naturally spilled over into the rental market, driving up demand.
The rental market was heating up, with families particularly drawn to villas for their family-friendly, long-term living options. This preference was evident in the steady rise of villa rents, which saw a 2% increase in just the third quarter of 2024.
Families were not just looking for any space; they wanted homes that could accommodate their growing needs. This shift towards larger living spaces was a significant factor in the increased demand for villa rentals.
As more families prioritized space and comfort, the appeal of villas grew, making them a top choice for those seeking a more permanent residence in Dubai.
Sources: Dubai Chronicle, Economy Middle East
8) Dubai Land Department's 100,000+ property transactions in 2024 show a booming market
The Dubai Land Department recorded over 100,000 property transactions in 2024, highlighting a bustling market.
By November 2024, the real estate scene in Dubai was buzzing with 188,000 transactions, totaling AED625 billion. This was a 38% jump in transaction volume and a 23% increase in value from 2023, showing strong interest from both local and international buyers.
In the first half of 2024 alone, there were over 75,543 residential transactions worth AED191 billion, marking a 36% rise from the previous year. The luxury market was particularly hot, with sales over AED10 million up by 47% compared to the same period last year.
Affordable housing also saw a surge in demand, pushing developers to rethink their strategies to appeal to a wider audience. This shift indicates a dynamic market catering to diverse buyer needs.
Dubai's real estate market is clearly thriving, with significant growth across various segments. The luxury sector's performance, alongside the demand for affordable options, paints a picture of a versatile and appealing market.
Sources: Economy Middle East, The Luxury Playbook
Everything you need to know is included in our Property Pack for Dubai
9) Dubai Marina is driving nearly 12% of all residential property transactions in the city
Dubai Marina is a hotspot for waterfront living and vibrant nightlife.
People flock here for the stunning high-rise apartments with sea or marina views. This popularity is evident in the area's significant share of property transactions in Dubai.
According to CEO Today, apartment sales were booming in November 2024, especially in prime spots like Dubai Marina. This trend highlights the area's dominance in the real estate market.
The Luxury Playbook also notes that Dubai Marina saw the highest transaction volume last year, with purchases totaling AED 36.7 billion (US$10 billion).
In 2024, Dubai Marina accounted for nearly 12% of total residential property transactions in the city. This underscores its appeal for both buyers and investors, thanks to its luxury lifestyle and strategic location.
Sources: CEO Today, The Luxury Playbook
10) Over 60% of Dubai's residential property buyers were foreign investors, showcasing the city's global appeal
In 2024, over 60% of residential property buyers in Dubai were foreign investors, showcasing the city's global allure.
Back in 2023, property values in Dubai saw a remarkable rise of 19.9%, largely fueled by the introduction of long-term visas. These visas made Dubai an attractive destination for international buyers, setting the stage for the following year's surge in foreign investment.
Foreign investors were already a major force in the market, holding 43% of the total value of all residential properties in Dubai by 2023. This significant stake highlighted their growing influence and paved the way for even more investment in 2024.
During the second quarter of 2024, the real estate market in Dubai experienced a 43.8% increase in total transactions. This impressive growth was primarily driven by foreign investors, underscoring their keen interest in Dubai's property offerings.
The diversity among these investors is particularly striking, with a notable influx of African buyers, especially from Nigeria. This trend highlights Dubai's appeal across different regions and demographics.
Sources: The Luxury Playbook, Eutax, Dxbinteract
11) 40% of Dubai property deals involved properties under AED 2 million, highlighting accessibility for mid-range buyers
In 2024, nearly 40% of Dubai's property transactions involved properties priced under AED 2 million, making it easier for mid-range buyers to enter the market.
Dubai's real estate scene is buzzing, with 188,000 transactions recorded by November 2024, totaling AED 625 billion. This marks a 38% jump in transaction volume from the previous year, showing strong market growth.
Affordable housing is in high demand, as housing affordability has hit its lowest point in over 30 years. Developers and investors are stepping up, offering more budget-friendly living spaces to attract a broader range of buyers.
Areas like Dubai Silicon Oasis and Jumeirah Village Circle are becoming hotspots for mid-tier and affordable properties. These locations are appealing because rental yields remain promising, drawing in both investors and residents.
With the focus on cost-effective housing, the market is opening up to more people, making it a great time for those looking to buy in Dubai. The trend towards affordability is reshaping the landscape, offering new opportunities for buyers and investors alike.
Sources: Economy Middle East, The Luxury Playbook
Don't buy the wrong property, in the wrong area
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
12) Dubai Hills Estate property prices are rising by 6% due to strong family interest
In 2024, properties in Dubai Hills Estate saw an average price increase of 6%, mainly due to growing interest from families.
Dubai Hills Estate is a hotspot for families seeking upscale living, thanks to its luxury villas and apartments. Its appeal is further enhanced by its proximity to key amenities like King’s College Hospital Dubai and GEMS Wellington Academy, making it a convenient choice for family life.
The Dubai property market was buzzing with activity, showing strong sales and rising property values during this period. This surge was fueled by robust demand and a wave of new property developments, particularly in the luxury segment, which saw a significant uptick in transactions.
Investors find Dubai Hills Estate attractive due to its appealing rental yields. The area has consistently appreciated in value, thanks to its prime location and world-class amenities, making it a smart choice for those looking to invest.
Expatriates, often families, are drawn to Dubai Hills Estate, contributing to its popularity. The area's consistent appreciation and family-friendly environment suggest a growing interest from family buyers, making it a sought-after community.
Sources: Property Finder, Zawya, 3SA Estate, The Luxury Playbook
13) Jumeirah Village Circle property prices rose 5%, solidifying its status as an affordable, promising area
In 2024, properties in Jumeirah Village Circle (JVC) experienced a 5% price increase, maintaining its reputation as an affordable yet promising area.
JVC has become one of Dubai's busiest real estate hubs, with a high volume of sales transactions. This bustling activity indicates a strong interest from buyers, which naturally contributes to rising property prices. The area’s appeal is evident as more people choose to invest here.
Rental demand in JVC is robust, with over 14,000 rental transactions recorded. This high demand results in low vacancy rates, meaning most properties are occupied. For investors, this translates to stable returns, making JVC an attractive option for property purchases.
Investors are particularly drawn to JVC due to its impressive rental yields, which range from 6.5% to 7.8%. These figures are enticing for those seeking solid returns on their investments. The combination of affordability and high rental yields positions JVC as a promising area for property investment.
JVC's affordability, coupled with its potential for high returns, makes it a standout choice for investors. The area continues to attract attention, ensuring its place as a key player in Dubai's real estate market.
Sources: SmartCrowd, Austin Contrarian
14) Palm Jumeirah property prices surged 9%, making it one of the fastest-growing neighborhoods
In 2024, properties in Palm Jumeirah saw an average price increase of 9%, marking it as a rapidly growing neighborhood.
Known for its luxurious offerings, Palm Jumeirah has always had some of the highest property prices in Dubai. From stunning apartments to lavish villas and penthouses, the area attracts a diverse range of buyers. This consistent demand, both locally and internationally, keeps the market vibrant and prices on the rise.
For example, villa prices have surged, averaging around AED 5,520 per square foot. Meanwhile, apartments are trading at about AED 3,390 per square foot. These figures highlight the strong interest in Palm Jumeirah's luxury real estate.
The Q2 2024 market report also noted a slight uptick in both transaction volume and value. This includes an increase in the minimum and maximum price per square foot, signaling a healthy market. Palm Jumeirah's appeal as a prime location for living and investment continues to support these trends.
With its unique allure, Palm Jumeirah remains a top choice for those seeking luxury and a sound investment. The area's growth is further evidenced by the steady increase in property values, making it a hotspot for real estate activity.
Sources: Unique Properties, Knight Frank, Luxury Dubai Broker
Everything you need to know is included in our Pack for Dubai
15) Luxury apartment rents in Dubai are soaring, up 8% last year due to high demand
In 2024, rental prices for luxury apartments in Dubai rose by an average of 8%, driven by a surge in demand.
Dubai's prime areas like Dubai Marina, Business Bay, and Downtown Dubai are hotspots for luxury living. These locations are known for their opulent lifestyle and central convenience, making them highly attractive to tenants. As a result, rental prices in these areas increased between 2% and 7%, reflecting their desirability.
The broader real estate market in Dubai is also on the rise. According to Knight Frank's Destination Dubai report, residential values jumped by 9% in the 12 months leading up to the end of Q1 2024. This growth in the market supports the trend of rising rental prices, especially in the luxury segment where demand is high.
Investment interest is strong in areas like JLT and Dubai Marina, part of the luxury segment. Insights from GuestReady's blog highlight high rental yields in these areas, indicating robust investment activity that fuels demand and pushes rental prices upward.
Dubai's luxury real estate market is thriving, with consistent demand for upscale living in key areas. This demand is a major factor in the rising rental prices, as more people seek the lifestyle these prime locations offer.
Sources: Top Luxury Property, Knight Frank, GuestReady
16) Dubai Silicon Oasis residential prices are rising, attracting tech-savvy professionals
Dubai Silicon Oasis (DSO) is a lively community that perfectly mixes living, working, and learning spaces with a focus on tech and innovation.
In 2023, property prices in DSO were already on the rise. The price per square foot jumped from AED 587 to AED 762 by April 2023, setting the stage for a 5% average price increase in 2024. This trend makes DSO an attractive spot for tech enthusiasts.
DSO's charm lies in its closeness to tech hubs and schools, making it a top pick for both professionals and students. The area is designed with modern amenities, creating a perfect environment for tech industry folks.
For those in the tech field, DSO offers a unique blend of innovation and convenience. The community's focus on technology is a big draw, and its modern setup is ideal for tech-savvy individuals.
Living in DSO means being part of a community that values progress and innovation. The area is not just about homes; it's about being in a place where technology and modern living go hand in hand.
With its rising property values and tech-friendly environment, DSO is becoming a hotspot for those looking to invest in a future-forward community. The 5% price increase in 2024 is a testament to its growing appeal among tech professionals.
Sources: Bayut, Noticias AE, Homefinder Global
17) Expo City property prices are rising 6%, driven by Expo 2020's legacy and ongoing developments
In 2024, Expo City properties saw a 6% price rise, thanks to the lasting impact of Expo 2020.
Expo 2020 was a game-changer for Dubai's real estate, boosting the market with new infrastructure and creating a buzz around the Expo site, now called District 2020. This event didn't just put Dubai on the map; it opened up areas like Dubai South and Dubai Investment Park, making them more accessible and ripe for development.
The Expo's focus on sustainability and innovation led to the creation of smart, sustainable communities that are now hot spots for investors and homebuyers. These areas are not just about living; they're about living smart, with eco-friendly designs and cutting-edge technology.
Investing in Expo City has become even more attractive with flexible payment plans and competitive pricing. Buyers can take advantage of 50/50 post-handover payment plans spread over three years, interest-free, making it easier to own a piece of this thriving area.
Compared to other parts of Dubai, Expo City offers a lower average price per square foot, making it a more affordable option for those looking to invest in a promising location. This affordability, combined with the area's growth potential, makes it a compelling choice for property buyers.
Sources: Blue Shark, The Luxury Playbook, Haus & Haus
Make a profitable investment in the UAE
Better information leads to better decisions. Save time and money. Download our guide.
18) Demand for short-term rentals in Dubai is surging, fueled by more tourists and business travelers
In 2024, short-term rental demand in Dubai surged by 15%, thanks to a wave of tourists and business travelers.
Events like the Dubai Shopping Festival and the Dubai International Film Festival were major attractions, drawing in crowds from around the globe. Additionally, international conferences and business events significantly boosted visitor numbers, making Dubai a bustling hub of activity.
The average occupancy rate for short-term rentals climbed to 75% in 2024, up from 70% the previous year. This jump highlights a growing preference for the flexibility and convenience these rentals offer. The market also enjoyed a 12% increase in revenue, driven by higher nightly rates and extended stays.
Market trends are shifting, with a noticeable rise in demand for luxury and eco-friendly properties. Travelers, especially digital nomads and remote workers, are flocking to Dubai for its robust infrastructure and tax advantages. They often seek high-end, fully serviced properties with hotel-like amenities to enhance their stay.
Smart homes are becoming increasingly popular, catering to tech-savvy guests who value modern conveniences. This trend is reshaping the rental landscape, as more property owners invest in upgrading their offerings to meet these expectations.
Sources: Exclusive Links, Hopo Homes, Vacant Nests
19) Dubai Creek Harbour property prices are surging by 7%, driven by ongoing development
Dubai Creek Harbour saw a 7% rise in property prices in 2024, thanks to ongoing development.
Back in 2023, this area was already catching eyes with its unique Mediterranean-inspired architecture and a cosmopolitan vibe. It became a hot spot for investors and homeowners who wanted something different from the usual luxury areas like Downtown Dubai and Palm Jumeirah.
By early 2024, Dubai Creek Harbour had the highest increase in per-square-foot prices, jumping by 7.96%. This was largely due to its development and its charm as a waterfront community, making it even more desirable.
People are drawn to Dubai Creek Harbour not just for its architecture but also for its vibrant lifestyle and community feel. The area offers a mix of residential, retail, and leisure spaces, creating a lively environment that appeals to a wide range of buyers.
Moreover, the ongoing projects in the area are adding to its allure. New developments are bringing in state-of-the-art amenities and facilities, enhancing the living experience and boosting property values.
As a result, Dubai Creek Harbour is becoming a preferred choice for those looking to invest in a property that offers both luxury and a sense of community. The strategic location and continuous growth make it a promising area for future investments.
Sources: Dubai Chronicle, 1011 Properties
20) Chinese buyers now dominate 10% of Dubai property purchases, rapidly growing as top investors
In 2024, Chinese buyers accounted for nearly 10% of all property purchases in Dubai, marking them as one of the fastest-growing investor groups.
This surge was fueled by China reopening its borders and a property crisis back home, prompting investors to seek safer havens globally. Dubai stood out with its high residential rental yields of 6-7%, making it a magnet for these investors.
Dubai's appeal lies in its investor-friendly policies. The city offers low transaction and rental income taxes, a currency pegged to the US dollar, and no capital gains tax, making it a top choice for international buyers, especially from China.
Emaar Properties, Dubai’s largest developer, saw a notable rise in Chinese investments. In the first half of 2023, Chinese investments made up 7% of their total sales, a jump from 3-4% the previous year. This trend is expected to grow, with 2024 anticipated to be a remarkable year for Chinese investors.
For those considering property in Dubai, the market's stability and potential for returns are significant draws. The city's strategic location and robust infrastructure further enhance its attractiveness to global investors.
As Chinese investors continue to explore international markets, Dubai's real estate sector is poised to benefit from this influx, offering opportunities for both buyers and developers.
Sources: Huaxia, Real Estate Asia, Milk Real Estate
Everything you need to know is included in our Property Investment Pack for Dubai
21) Business Bay apartment prices surged 4.5%, reinforcing its top investment hub status
In 2024, the average price per square foot for apartments in Business Bay rose by 4.5%.
This increase is part of a larger trend in the Dubai real estate market, which saw a 36% jump in residential transactions and a 17% rise compared to the previous half-year. The momentum carried into the third quarter of 2024, with a staggering 50,425 transactions and a total sales value of AED 141.95 billion, marking a 30% increase from the same period in 2023.
Business Bay stands out as a prime investment hub, thanks to its strategic location and developed infrastructure. The area offers a variety of real estate options, from compact studios to luxurious penthouses. Over the past three years, the average cost per square meter has increased by more than 16%, reflecting its high growth potential.
Investors are drawn to Business Bay not just for its property appreciation but also for its rental yields. Residential real estate here offers a yield of 6-8% per annum, while commercial properties can reach 9-10%, some of the highest rates in Dubai.
While the specific 4.5% increase in price per square foot isn't directly mentioned in the sources, Business Bay has consistently shown growth in property prices. Over the past five years, real estate prices in the area have increased by an average of 25%, with experts predicting further growth of 5-7% per year in the coming years.
Sources: Bayut, The Luxury Playbook, Austin Contrarian
This article gives you valuable insights, but remember, it’s not and will never be investment advice. We pull data from a range of sources to provide you with the most accurate picture possible, yet we can’t guarantee complete accuracy. Markets are difficult to predict. Make sure to do your own research and consult a professional before making any financial moves. Any risks or losses are your own responsibility.