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Average Property Prices Jump 20% in a Year as

Q3 sales pass AED 120bn ($32bn); office, retail and industrial rents in focus

  • Dubai’s residential market experienced significant growth in G3 2024, with average prices increasing by nearly 20%.
    This was driven by both apartment and villa price increases, as well as a surge in rental growth.
  • The commercial office market in Dubai remains strong, with high occupancy rates and rising rental costs. This is due to a positive non-oil economy driving new employment and limited new office supply.
  • The hospitality, retail, and industrial sectors are also performing well. Dubai’s tourism industry is thriving, and retail and industrial sectors are benefiting from strong demand and limited supply.

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