Key Highlights:
1
In November 2022, Dubai’s total transaction volumes stood at 10,505. This is an increase of 60.8% compared to the previous year.
In the year to date to November 2022, a total of 81,919 residential transactions have been recorded, surpassing the record highs registered in 2009 over the same period.
2
In the 12 months to November 2022, average prices increased by 9.5%, with average apartment and villa prices increasing by 9.0% and 12.7%, respectively.
3
Average asking rents rose by 27.3% in the year to November 2022, with average apartment rents increasing by 27.6% and average villa rents by 25.4%.
4
AED 1,161
Average apartment
price per square foot in Dubai
AED 1,374
Average villa
price per square foot in Dubai
AED 2,310
Highest average apartment
price per square foot in
Dubai, in Jumeirah
AED 3,802
Highest average villa price
per square foot in Dubai, in
Palm Jumeirah
AED 93k
Average annual rent for
an apartment in Dubai
AED 279k
Average annual rent for
an villas in Dubai
Key Takeaways:
Apartment
Villa
AED 243k
Highest average annual
apartment rent in Dubai,
in Palm Jumeirah
AED 982k
Highest average annual
villa rent in Dubai, in
Palm Jumeirah
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Dubai’s residential market reached record activity levels in November 2022
Dubai Residential Market Snapshot December 2022
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