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Market Overview - May 2024

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Average Sale Price

AED 1.85M

6.3% vs Apr 2024

Average Rent Price

AED 86K/yr

4.2% vs Apr 2024

Rental Yield

6.3%

0.4% vs Apr 2024

Transcations

8,620

11.3% vs Apr 2024

Average Sale Price

AED 1.85M

6.3% vs last month

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Average Rent Price

AED 86K/yr

4.2% vs last month

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Rental Yield

6.3%

0.4% vs last month

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Total Transcations

8,620

1.4% vs last month

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New Listings

12,540

8.7% vs last month

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Off-Plan Sales

3,210

7.6% vs last month

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May 2024

AED 1.85M

▲ 6.3% vs Apr 2024

Average sale prices in Dubai increased by 6.3% compared to last month, showing continued growth across most communities.

1

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Dubai Creek Harbour

Average Price: AED 2.45M

12.8%

2

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Dubai Hills Estate

Average Price: AED 2.30M

9.7%

3

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Palm Jumeirah

Average Price: AED 5.65M

8.6%

4

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Jumeirah Village Circle

Average Price: AED 1.05M

7.3%

5

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Business Bay

Average Price: AED 1.80M

6.2%

Dubai Investments Park

8.2%

International City

7.6%

Dubai Sports City

7.2%

Jumeirah Village Circle

6.8%

Dubai Silicon Oasis

6.7%

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