Dubai Home Prices Set to Rise Again, Real Estate Firm Predicts
- Prices may climb 8% to 12% this year: Cushman & Wakefield Core
- The rise in rentals has pushed gross yields to seven-year high
Commercial and residential properties in Dubai, United Arab Emirates.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Property values in Dubai may climb as much as 12% this year, an increase that risks pricing some people out of the expatriate-dominant city, according to real estate consultancy Cushman & Wakefield Core.
Home prices could rise 8% to 12% this year after surging 20% on average in 2023. That’s even though 39,400 homes were completed — the highest number since 2020 — which helped ease demand. Rents, meanwhile, are expected to jump between 10% and 12% this year, compared with 19% in 2023 and 27% in 2022.