Dubai Residential Real Estate Surges by 11.25% Year-on-Year

2025-07-24

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Dubai Residential Real Estate Surges by 11.25% Year-on-Year

Residential real estate prices in Dubai recorded an annual increase of 11.25% in the third quarter of 2024, alongside a quarterly increase of 3.25%. This pushed the Residential Property Price Index to 150.66 points according to the "Dubai Property Price Index."

According to data from "Dubai Data," affiliated with the Dubai Statistics Center, the residential real estate index in Dubai exceeded 150.6 points in the third quarter, reaching 192.58 points for villas and 135.92 points for apartments.

Compared to the same period last year, residential property prices in Dubai grew annually by 11.25%.

Villa prices in Dubai saw a notable increase of 21.94%, while apartment prices rose by 6.6%.

On a quarterly basis, residential property prices increased by 3.25% compared to the second quarter of this year, with villa prices rising by 6.29% and apartment prices increasing by 1.81%.

In the commercial real estate sector, Dubai recorded an overall increase across all categories during third quarter, with the overall index for these properties reaching 162.19 points.

Retail and office properties recorded 204.88 points, with retail spaces at 249.37 points and offices at 190.05 points. Hospitality properties reached 135.18 points, with 153.83 points for hotel apartments and 101.02 points for hotel rooms.
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Year-on-year, commercial property prices increased by 8.56%, with retail and office properties growing by 17.94%, while hospitality properties saw a slight rise of 0.86%.

Within this sector, hotel apartments saw an increase of 2.75%, while hotel rooms recorded a decline of -4.07%.

Quarter-on-quarter, commercial property prices rose by 1.12% in third quarter, with office prices increasing by 2.08%, while retail property prices fell by -1.93%. In the hospitality sector, prices increased by 1.41%, driven by a 3.17% rise in hotel apartment prices, despite a decline of -3.21% in hotel room prices.

These figures reflect the continued growth of Dubai's real estate market across various sectors, supported by increasing demand and the market's dynamic characteristics.