Graph and download economic data for Real Residential Property Prices for United Arab Emirates (QAER771BIS) from Q1 2004 to Q1 2024 about United Arab Emirates, residential, HPI, housing, real, price index, indexes, and price.

According to ValuStrat, the average residential prices in Dubai reached around ***** United Arab Emirates dirhams (AED) in December 2023, rising from around *** AED in 2020. Real estate market in Dubai Despite the impact of the global COVID-19 pandemic on the real estate market, Dubai's real estate sector continues to show resilience and remains a lucrative investment option. In the first quarter of 2021, the real estate transactions in Dubai amounted to approximately ** billion U.S. dollars in value. With its emphasis goal of transforming into a high-end tourist destination, Dubai has become an appealing choice for real estate investors. In 2019, investment villas made up most urban buildings in the emirate, with around ** thousand units. Residential market outlook The residential market in Dubai has experienced substantial growth in recent years. In 2022, it was projected to witness the addition of approximately ** thousand new apartments and ***** thousand new villas. These additions contribute to the existing supply of *** thousand residential units in the emirate for that year. According to the same source, in December 2022, the capital prices of residential apartments in Jumeirah Beach Residence, Dubai, stood at approximately *** million United Arab Emirates dirhams. This represented a *** percent growth in capital values compared to the prior year. With its strong market presence and attractive investment opportunities, Dubai's residential market remains a key player in the region.

Key information about United Arab Emirates Gold Production

• United Arab Emirates Real Residential Property Price Index was reported at 143.490 2010=100 in Mar 2024.
• This records an increase from the previous number of 137.212 2010=100 for Dec 2023.
• United Arab Emirates Real Residential Property Price Index data is updated quarterly, averaging 117.663 2010=100 from Mar 2003 to Mar 2024, with 85 observations.
• The data reached an all-time high of 165.357 2010=100 in Sep 2014 and a record low of 86.733 2010=100 in Sep 2003.
• United Arab Emirates Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]