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.

UAE Residential Real Estate Market size was valued at around USD 36.32 Billion in 2024 & is projected to reach USD 52.32 billion by 2030 with a 5.1% CAGR.

The Report Covers UAE Real Estate Services Market Overview & Analysis and it is segmented by property type (residential, commercial, and other property types) and by service (property management, valuation services, and other services).

The report covers UAE Property Market Trends and is segmented by Type (Villas/Landed Houses and Condominiums/Apartments) and Key Cities (Dubai, Abu Dhabi and Sharjah).

The Report Covers UAE Top Real Estate Companies and It is Segmented by Type (apartments, Condominiums, Villas, and Landed Houses) and City (Dubai, Abu Dhabi, Sharjah, and Other Cities). The Report Offers Market Size and Forecasts for the United Arab Emirates Luxury Residential Real Estate Market in Value (USD) for all the Above Segments.

According to ValuStrat, the average residential prices in Dubai reached around 1,159 United Arab Emirates dirhams (AED) in December 2023, rising from around 894 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 25 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 72 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 45 thousand new apartments and seven thousand new villas. These additions contribute to the existing supply of 743 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 2.5 million United Arab Emirates dirhams. This represented a 5.7 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.

The Report Covers UAE Commercial Real Estate Market Growth Rate & Analysis and It is Segmented by Type (Offices, Retail, Industrial & Logistics, Hospitality and Other Types) and Key Cities (Dubai, Abu Dhabi, Sharjah, and Rest of United Arab Emirates). The Report Offers Market Size and Forecast for the UAE Commercial Real Estate Market in Value (USD) for the Above Segments.

In January 2024, the index value of residential property prices in the emirate of Dubai in the United Arab Emirates peaked at 133.17 points. Since January 2022, the overall trend of the index value has seen an upward trajectory.

Residential Property Prices for United Arab Emirates was 2.13600 % per Annum in April of 2021, according to the United States Federal Reserve. Historically, Residential Property Prices for United Arab Emirates reached a record high of 42.47540 in October of 2007 and a record low of -24.43620 in July of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Residential Property Prices for United Arab Emirates - last updated from the United States Federal Reserve on March of 2025.

Key information about United Arab Emirates Nominal Residential Property Price Index Growth

• United Arab Emirates Nominal Residential Property Price Index Growth was reported at 16.902 % in Dec 2023.
• This records an increase from the previous number of 16.747 % for Sep 2023.
• United Arab Emirates Nominal Residential Property Price Index Growth data is updated quarterly, averaging 6.637 % from Mar 2004 to Dec 2023, with 80 observations.
• The data reached an all-time high of 42.475 % in Dec 2007 and a record low of -24.436 % in Sep 2009.
• United Arab Emirates Nominal Residential Property Price Index Growth 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 Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Key statistics on property appreciation, rental yields, and investment opportunities in the UAE real estate market.

The Report Covers UAE Insurance Companies and the market is Segmented by Insurance Type (Home, Motor, and Other Types) and Distribution Channel (Direct, Agency, Banks, and Other Distribution Channels)

Real Residential Property Prices for United Arab Emirates was 107.87890 Index 2010=100 in April of 2021, according to the United States Federal Reserve. Historically, Real Residential Property Prices for United Arab Emirates reached a record high of 166.29970 in April of 2014 and a record low of 86.73270 in July of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Residential Property Prices for United Arab Emirates - last updated from the United States Federal Reserve on March of 2025.

In January 2024, the index value of residential property prices in the emirate of Abu Dhabi in the United Arab Emirates peaked at 62.52 points. Since January 2022, the overall trend of the index value has seen an upward trajectory.

In 2022, the number of sales transactions in the Dubai real estate market reached 97.5 thousand. That was a sharp increase compared to the previous year, when the number of real estate sales transactions was 60.2 thousand.

The size of the UAE Property & Casualty Insurance Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of % during the forecast period. The Property and Casualty (P&C) insurance industry encompasses a broad range of insurance products designed to protect individuals and businesses from financial losses resulting from various risks. This sector primarily includes two main types of coverage: property insurance, which safeguards against risks to physical assets such as homes, vehicles, and commercial properties, and casualty insurance, which provides liability protection against legal claims arising from injuries or damages to third parties. The P&C insurance market is vital for economic stability, as it offers essential financial protection against unforeseen events, such as natural disasters, accidents, and theft. The industry operates through various distribution channels, including direct sales, brokers, and agents, allowing consumers and businesses to select tailored coverage based on their specific needs. Major players in the market range from large, established insurance companies to smaller, specialized firms, all competing to offer innovative products and services that cater to evolving customer demands. Key drivers for this market are: Government Initiative is Expected to Drive the Growth of the Market, Increasing Sales of Vehicle Across UAE is Driving the Market. Potential restraints include: Strict Regulatory Landscape is Expected to Restrain the Growth of the Market, High Costs of Product. Notable trends are: Growing Consolidation.

In the first quarter of 2024, the United Arab Emirates, Poland, and Bulgaria registered the highest house price increase in real terms (adjusted for inflation). In the United Arab Emirates, house prices outgrew inflation by 16.17 percent. When comparing the nominal price change, which does not take inflation into consideration, the average house price growth was even higher. Nevertheless, many countries experienced declining prices, with Luxembourg recording the biggest decline, at nearly 14 percent. That has to do with a broader trend of a slowing global housing market.

CPI Housing Utilities in the United Arab Emirates increased to 118.70 points in February from 117.90 points in January of 2025. This dataset provides - United Arab Emirates Cpi Housing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The UAE condominiums and apartments market is experiencing robust growth, driven by a burgeoning population, increasing tourism, and significant government investments in infrastructure and real estate development. The market's Compound Annual Growth Rate (CAGR) exceeding 4% indicates a sustained upward trajectory, projected to continue through 2033. Key cities like Dubai, Abu Dhabi, and Sharjah are at the forefront of this expansion, attracting both local and international investors. The demand is fueled by a diverse range of buyers, from young professionals seeking modern urban living to high-net-worth individuals investing in luxury properties. Leading developers such as Emaar Properties, Damac Properties, and Nakheel Properties are actively shaping the market landscape with innovative projects and strategic partnerships, contributing to the overall market vibrancy. While potential restraints like fluctuating global economic conditions and the availability of construction materials exist, the strong underlying fundamentals, including sustained economic growth and a favorable regulatory environment, suggest the market will remain resilient and continue its expansion in the coming years. The market segmentation reveals a diverse range of price points and property types, catering to a broad spectrum of consumer preferences, contributing to its overall dynamism and resilience. The high concentration of major developers in the key cities highlights a significant level of competition, ultimately benefiting consumers through increased choice and potentially improved quality. The forecast for the UAE condominiums and apartments market indicates sustained growth throughout the projection period (2025-2033). The continued influx of both residents and tourists, combined with ongoing government initiatives supporting real estate development and infrastructure improvements, will act as strong tailwinds. While global economic uncertainty presents a potential challenge, the diversification of the UAE economy and its strong financial reserves position it to weather such headwinds effectively. The market is likely to witness increased sophistication in property offerings, with a heightened focus on sustainability, smart home technology, and community-centric developments to cater to evolving consumer preferences. The expansion of the market is expected to be particularly pronounced in areas with improved connectivity and amenities, reflecting a trend toward integrated communities that offer a holistic lifestyle experience. The competition among developers will likely intensify, leading to further innovation and improved affordability in select segments of the market. This comprehensive report provides an in-depth analysis of the UAE condominiums and apartments market, covering the period from 2019 to 2033. It offers crucial insights for investors, developers, and stakeholders seeking to navigate this dynamic sector. With a focus on key cities like Dubai, Abu Dhabi, and Sharjah, the report delves into market trends, segment performance, and future growth projections. Utilizing data from the base year 2025 and estimating market value in millions of units, this report offers invaluable intelligence for informed decision-making. Recent developments include: October 2022: Damac Properties unveiled a luxury residential project in Dubai's Business Bay, featuring interiors designed by Swiss jeweller De Grisogono, to meet growing demand in the prime market. The 41-storey Chic Tower will include studios, as well as one and two-bedroom apartments. It plans to add three and four-bedroom apartments with 'hydroponic walls and sky pools' at a later stage. Chic Tower will also feature amenities such as seven baths, a beauty bar, and sky gyms. Damac did not disclose the total cost of the project or the construction schedule., November 2022: Nakheel PJSC secured AED 17 billion (USD 4.6 billion) in financing from a group of local lenders, as it seeks to kick off new projects amid a property boom in Dubai. The company raised AED 11 billion (USD 2.99 billion) to refinance and consolidate its existing debt. Nakheel will use the remaining AED 6 billion (USD 1.63 billion) to accelerate the development of its new projects, including Dubai Islands and other large waterfront projects. The financing was secured through a syndicate of three local lenders, namely Emirates NBD PJSC, Dubai Islamic Bank PJSC, and Mashreqbank PSC.. Key drivers for this market are: Increasing Spending on the Commercial Construction. Potential restraints include: Materials and Labor Shortages. Notable trends are: Luxury Apartment Prices Set to Witness a Steep Growth.

United Arab Emirates Dubai Financial Market: Index: Dubai Real Estate and Construction Index data was reported at 12,199.400 NA in Feb 2025. This records an increase from the previous number of 12,166.830 NA for Jan 2025. United Arab Emirates Dubai Financial Market: Index: Dubai Real Estate and Construction Index data is updated monthly, averaging 7,045.145 NA from Jul 2022 (Median) to Feb 2025, with 32 observations. The data reached an all-time high of 12,199.400 NA in Feb 2025 and a record low of 4,982.730 NA in Jul 2022. United Arab Emirates Dubai Financial Market: Index: Dubai Real Estate and Construction Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United Arab Emirates – Table AE.EDI.SE: Dubai Financial Market: Monthly.