In the second quarter, residential Real Estate Pricing in Dubai surged by 17% compared to the same period last year, marking the 10th consecutive quarter of growth. This upward trend was driven by strong demand and a robust economic environment. According to Knight Frank, property prices increased by 4.8% from April to June compared to the previous quarter.

The consultancy’s market report reveals that apartment prices in Dubai have risen by 21% since January 2020. This reaches an average of Dh1,290 ($351) per square foot. Similarly, villa prices experienced a significant increase of 51% over the same period, averaging Dh1,520 per square foot. This indicates a notable expansion in the Real Estate Pricing in Dubai market, particularly in the residential sector.

But again, these housing market rates depend on your chosen type and location. The real estate market demonstrates remarkable resilience and sustained growth, with prices soaring by 17% in the second quarter of the year.