Key Highlights:
1
The total transaction volumes in Dubai’s residential market reached 9,229 in January 2023, marking a growth of 69.2% compared to the year prior.
In the year through January 2023, average residential prices grew by 10.6%, with average apartment prices increasing by 10.3% and average villa prices increasing by 12.9% over the same period.
2
Average rents have grown by 28.5%, in the 12 months to January 2023, with average apartment rents growing by 28.8% and average villa rents by 26.1% over the same period.
3
AED 1,196
Average apartment
price per square foot in Dubai
AED 1,411
Average villa
price per square foot in Dubai
AED 2,397
Highest average apartment
price per square foot in
Dubai, in Jumeirah
AED 4,104
Highest average villa price
per square foot in Dubai, in
Palm Jumeirah
AED 98k
Average annual rent for
an apartment in Dubai
AED 290k
Average annual rent for
an villas in Dubai
Key Takeaways:
Apartment
Villa
AED 259k
Highest average annual
apartment rent in Dubai,
in Palm Jumeirah
AED 1.0m
Highest average annual
villa rent in Dubai, in
Palm Jumeirah
download
Download the full CBRE Dubai Residential Snapshot to learn more.
Scroll to
read more
Dubai’s rental growth continues to be the highest on record.
Read CBRE’s Dubai Residential Market Snapshot, an overview of the key trends and metrics driving Dubai’s residential real estate market.
Dubai Residential
Real Estate Market Snapshot February 2023
Insights in Your Inbox
Stay up to date on relevant trends and the latest insights.
Subscribe
