- News
- UAE 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
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