Knight Frank – Dubai Residential Market Review, 4Q 2024

The report provides a quarterly overview of key trends and indicators in Dubai's residential real estate market.

In Q4 2024, housing prices in Dubai increased by 2.7%, reaching 1,685 AED per square foot, marking a total annual growth of 19.1%. Villas continue to outperform, with their value rising by 2.8% in Q4 2024 to 2,009 AED per square foot. Apartment prices increased by 2.6% in Q4 2024 to 1,640 AED per square foot. Dubai recorded transactions worth 422 billion AED in 2024, up 30% from 2023. Housing prices in the mainstream market are forecasted to grow by 5% in 2024, and in prime areas by 8%.