UAE Market Pulse: Q3 2023 Analysis

Comprehensive insights into current and historical property trends across the Emirates.

+4.5%
Avg Property PriceAED 2.4M
+0.8%
Rental Yield6.2%
+12%
Total Transactions12,500
-1.2%
Market VolumeAED 15B

10-Year Price History

201320152017201920212023

Top Performing Areas

1

Palm Jumeirah

Luxury Villas
AED 4,500/sqft+12.5%
2

Downtown Dubai

Luxury Villas
AED 4,500/sqft+8.3%
3

Dubai Marina

Luxury Villas
AED 4,500/sqft+6.1%

Market Trends

Avg. Price Growth+4.5%
Rental Demand+12%
New Listings+8%

Analyst Insights

Sarah Jenkins

Sarah Jenkins

Senior Analyst, KONESTATE

"The shift towards villa communities in Dubai South is stabilizing. We expect a 5-7% growth in this sector over Q4."

Michael Ross

Michael Ross

Market Strategist

"Commercial yields in Business Bay are at an all-time high, driven by the influx of new tech startups."

Q3 2023 Full Report

Download the complete 45-page analysis PDF including regional breakdowns.