Dubai's property market has exhibited significant fluctuations over the years, particularly during the third quarter of 2023, revealing both resilience and remarkable growth trends.
In a striking contrast to previous years, the latest Q3 2023 real estate data indicates a substantial upswing in property prices, showcasing the city's ability to adapt and thrive.
Comparing the figures to the same period last year, we observe an impressive surge of 18% in property prices. Moreover, when we look back to 2014, a pivotal year in Dubai's real estate history, we witness an astonishing 3% increase in property prices during the third quarter.
This sharp year-over-year increase underscores the renewed investor and buyer confidence in Dubai's real estate sector, possibly driven by factors such as economic stability, attractive investment opportunities, and ongoing development projects.
Dubai property prices change in the 3rd quarter over years
Prices Change by Property Type
Property Type | Avg. Price (AED) | vs. Q3 2022 % |
Off-plan Apartment | 1.4M | 4% |
Off-plan Villa | 3M | 63% |
Ready Apartment | 970K | 2% |
Ready Villa | 2.6M | 1% |