Dubai property market - how much does it cost to live there?

Dubai property market

The Dubai property market is one of the fastest growing sectors in the world. Thanks to rapid economic growth and an attractive environment for investors, the city has become one of the most desirable destinations on the global investment map. Real estate investment in Dubai attracts both foreign entrepreneurs and individuals.

Is Dubai's property market growing? Definitely yes! Dubai's property market has been growing rapidly in recent years as a result of population growth, a stable economy and developing infrastructure. For example - in 2023, a total of 133,300 real estate transactions were executed in Dubai, an increase of 37% compared to the previous year.

Residential prices in Dubai 2024/2025

Residential prices in Dubai 2024/2025 show a clear upward trend, which is a result of both increasing demand and dynamic infrastructure development. What factors influence the price of property in Dubai? First and foremost, the prestige of the building, proximity to attractions and location, such as the popular Dubai Marina and Dubai Downtown districts, are key. Additionally, areas offering luxury flats with sea views are among the most expensive.

Transport accessibility, proximity to public transport and major roads, also influences the price of property in Dubai. Investors and those looking for their dream flat in Dubai should consider these factors, which have a big impact on the final purchase price.

The most expensive neighbourhoods in Dubai

Where are the most expensive flats in Dubai located? The most expensive neighbourhoods in Dubai are primarily those that offer luxury flats, spectacular views and prestigious locations. The most exclusive properties are found in areas such as Dubai Downtown, Palm Jumeirah and Jumeirah Bay.

Dubai Downtown is the heart of Dubai, home to the city's iconic landmarks such as the Burj Khalifa and Dubai Mall. Palm Jumeirah, an artificial island shaped like a palm tree, is famous for its luxury villas and flats by the sea, and housing prices here can reach dizzying heights. Jumeirah Bay is another unique location, known for its exclusive properties offering unique views of the Gulf and Dubai.

Cost of buying a flat in Dubai

The cost of buying a flat in Dubai depends on a number of factors, such as the location, the standard of the building and the size of the property. Flats for sale in Dubai offer a wide range of choices, from luxury flats in Dubai Marina or Palm Jumeirah, to more affordable offers in developing neighbourhoods. What is the average price of real estate in Dubai and per square meter of a flat? The average price of a flat in Dubai is around 20,013 AED per square meter (approximately 4,900 EUR/m²), while the average price of a house is 14,996 AED/m².

It is worth enlisting the help of a proven company such as Two Continents - the only Polish company in Dubai offering comprehensive real estate services. With 11 years of experience in the market, Two Continents helps you safely and effectively buy and rent property in Dubai.

How much does it cost to live in Dubai?

How much does it cost to live in Dubai? Property prices in this growing city mainly depend on the location and standard of the flat. Apartments in prime locations such as downtown Dubai cost from around AED 2 million (approximately EUR 515,000). However, you can find one-bedroom apartments with prices starting at around EUR 200,000.

If you are looking for a slightly cheaper location, you may want to consider buying a flat in neighbourhoods such as Dubai Marina or Jumeirah Lake Towers. Areas such as Dubai South, Al Furjan, and Jumeirah Village Triangle offer prices even below EUR 200,000, which is an excellent option for those looking for bargains. In these areas, flat prices are slightly more affordable and still offer a high standard of living and attractive views. Prices also depend on the size of the flat and additional amenities such as a swimming pool, gym or parking.

How much does it cost to rent a flat in Dubai?

How much does it cost to rent a flat in Dubai? Flat rental prices in Dubai vary and depend primarily on location, square footage and standard of finish. In popular areas such as Dubai Marina, Dubai Downtown and Dubai Creek Harbour, the monthly rent for a flat is usually between AED 7,000 (approx. €1,750) and AED 12,000 (approx. €3,000).

Dubai Marina offers spectacular views of the Gulf, while Dubai Downtown is the heart of the city, full of attractions and luxury facilities. For those looking for a quieter area with modern facilities, Dubai Creek Harbour offers an interesting alternative.

Questions and answers (FAQs)

• Is the Dubai property market growing?

Definitely yes! In the whole of 2023, a total of 133,300 real estate transactions were made in Dubai, an increase of 37% compared to the previous year.

• How much does it cost to live in Dubai?

Property prices in this growing city mainly depend on the location and standard of the flat. Flats in Dubai Downtown, which are considered to be among the most prestigious in the city, are typically sold from AED 2 million (EUR 515 000) upwards.

• How much does it cost to rent a flat in Dubai?

In popular neighbourhoods such as Dubai Marina, Dubai Downtown and Dubai Creek Harbour, renting a comfortable flat costs from AED 7000 (EUR 1800) to as much as AED 12000 (EUR 3000) per month.

• What are the cheapest neighborhoods to buy a flat in Dubai?

More affordable neighborhoods include Dubai South, Al Furjan, and Jumeirah Village Triangle, where prices can be below €200,000.