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Dubai home prices to grow by 8% in 2025 as supply lags behind demand

Dubai home prices to grow by 8% in 2025 as supply lags behind demand

Posted on December 4, 2024   |  

Dubai’s property boom is expected to increase house prices by 8% in 2025, driven by limited housing supply.

Property prices in Dubai have risen 19.9% in the past year, with Q3 2024 seeing a record 47,269 transactions, a 41.8% increase from Q3 2023.

Total property sales between January and September 2024 reached AED 306.3 billion ($83.4 billion), up 36% compared to the same period in 2023. Q3 alone accounted for AED 116.8 billion.

The mainstream property market continues to grow, with prices rising by 4.3% in Q3 2024, bringing year-on-year growth to 19.9%.

High-value properties are in demand, with homes worth over $1 million now making up 18.1% of all sales, compared to 6.3% in 2020.

Developers plan to deliver nearly 300,000 new homes in Dubai by 2029, with 80.1% being apartments and 17.4% villas.

Dubai faces a villa shortage, with only 8,900 new villas expected by the end of 2024 and 19,700 more by the end of 2025, as the city prepares to house up to 8.6 million residents by 2040.



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