Dubai’s residential real estate market has surpassed Dh50 billion in total sales for the first time.
With an extremely competitive average rental yield of 6.9 percent, Dubai continues to be a desirable location for investors despite the sharp increase in property values, with average prices rising by 1.7%
Dubai’s commercial real estate market demonstrated its strong underlying demand, despite a minor decline in the volume of residential sales and rental transactions. The entire value of commercial sales hit a record Dh10.9 billion, which was 10% more than in 2023 and the highest monthly total for 2024.
