Dubai Real Estate Market Sees $32.7 Billion in Q3 Sales: Best Areas for ROI and Rental Growth

Growing property sales in Dubai, in which the value of transactions with real estate reached AED 120 billion ($32.7 billion) by Q3 of 2024, according to Bayut’s data report. These include the total number of sales transactions, which stood at 48,082 for the three months up to September, reflecting the market buoyed by demand and supply of new stocks.

In Bayut, for property rates’ and rents high across the board, the areas promising the highest ROI have been recognized and the speed at which rent is rising is highlighted. The report shows that a villa costs 13% more inside Arabian Ranches for a buyer while affordable community including International City and Dubailand remains popular among buyers and investors who seek inexpensive properties.

If the target is for high returns, then, based on the yields of 9% to 11% for affordable apartments, the three best value cities are Dubai Investments Park (DIP), Discovery Gardens and Liwan. For mid-tier areas, the returns range from 8.6% for Dubai Sports City to Town Square while for luxury areas Al Sufouh and DAMAC Hills, it ranges from 7% to 9%.

Housing has also skyrocketed, basic rental of all kinds apartments have gone up to 28%, especially in Deira area. On the other hand, the mid-tier villa rentals in Al Furjan increased by up to 42%, which remains the highest increase for four B/R units.

In the light of these factors especially the flow of foreign direct investment and demand for properties, the Dubai property market is for sure not going to slow down. This sector is also expected to sustain its performance up to 2025 with property prices ad rental rate gradually increasing in all segments.