Residential Properties are Expected to Provide an Yield of 7% to 7.5%

UAE residential properties are expected to provide an yield of 7% to 7.5% in 2024

– According to the commercial real estate services company, CBRE.

Premium properties: 6.25%-7%

The UAE stands alone as the only Middle East real estate market, that recorded both price and transaction volume growth in 2023.

Average prices per m2 in 2023, compared to 2022:

• Abu Dhabi

Apartments rose by 5.1% to $3,300

Villas rose by 8.5% to $2,900

• Dubai

Apartments rose by 20.5% to $4,300

Villas rose by 23% to $5,100

In 2024, it is expected to:

• Abu Dhabi

Transaction volumes and prices will increase

• Dubai

Transaction volumes will slightly fall and prices moderately rise

Real estate projects currently planned or under construction in the UAE:

– Value – $409 Billion

– 24.4% of the Total Projects in the GCC Region