Dubai, UAE
Property prices · 2024 · Middle East
Property price trend in Dubai (2024–2026)
Property comparison — cities in UAE (2024)
Other Middle East cities (2024)
Frequently asked questions
How much does property cost in Dubai in 2024?
In Dubai, the average price per sqm in the city centre is AED 18,500, and AED 11,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Dubai in 2024?
A 1-bedroom apartment in Dubai rents for approximately AED 5,500 per month in 2024. A 3-bedroom apartment costs around AED 10,500/month.
Is it better to buy or rent in Dubai?
Buying and renting are roughly comparable in Dubai. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.50%.
What are mortgage rates in UAE in 2024?
The average mortgage rate in UAE is approximately 4.50% as of 2024. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Dubai?
The average property price per square metre in Dubai city centre is AED 18,500 in 2024. Outside the centre, expect to pay around AED 11,000/sqm.