Key Highlights:
1
The total volume of transactions in Dubai reached 8,662 in December 2022, an increase of 63.0% from the previous year.
A total of 90,881 residential transactions had been registered in 2022, exceeding the historic record high of 2009, when the total transaction volumes reached 81,182.
2
Average prices rose by 9.5% in the year to December 2022, with average apartment prices rising by 9.0% and average villa prices by 12.8%.
3
In the year to December 2022, average rents increased by 26.9%, with average apartment and villa rents increasing by 27.1% and 24.9%, respectively.
4
AED 1,168
Average apartment
price per square foot in Dubai
AED 1,385
Average villa
price per square foot in Dubai
AED 2,324
Highest average apartment
price per square foot in
Dubai, in Jumeirah
AED 3,921
Highest average villa price
per square foot in Dubai, in
Palm Jumeirah
AED 95k
Average annual rent for
an apartment in Dubai
AED 282k
Average annual rent for
an villas in Dubai
Key Takeaways:
Apartment
Villa
AED 248k
Highest average annual
apartment rent in Dubai,
in Palm Jumeirah
AED 1.0m
Highest average annual
villa rent in Dubai, in
Palm Jumeirah
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Dubai’s residential rents and transactions reached record highs in 2022.
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 January 2023
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