Explore UAE real estate in 2024: Yields, Trends, and Opportunities

In the vibrant landscape of UAE real estate, promising returns are forecasted for residential properties in 2024, with expected yields ranging between 7% to 7.5%, as projected by CBRE, a leading commercial real estate services company.

Diving deeper into the market dynamics, premium properties are anticipated to offer yields ranging from 6.25% to 7%, presenting lucrative investment opportunities for discerning investors.

Notably, the UAE emerges as a standout performer in the Middle East real estate arena, boasting growth in both price and transaction volume throughout 2023, a feat unparalleled by its regional counterparts.

Reflecting on the market performance, average prices per square meter witnessed notable escalations in key cities:

In Abu Dhabi, apartments saw a commendable 5.1% rise to $3,300, while villas surged by 8.5% to $2,900.

Meanwhile, Dubai experienced even more pronounced growth, with apartment prices soaring by 20.5% to $4,300 and villas recording a remarkable 23% increase to $5,100.

In Abu Dhabi, both transaction volumes and prices are expected to ascend, signaling continued momentum in the market.

Conversely, in Dubai, while transaction volumes may see a slight dip, prices are projected to maintain a moderate upward trajectory.

The UAE’s real estate landscape is further enriched by an impressive array of projects currently in the pipeline or under construction. With a cumulative value of $409 billion, these projects constitute a substantial 24.4% share of the total projects across the GCC region.

Amidst this dynamic environment, the UAE real estate sector remains a beacon of opportunity, offering investors a compelling blend of stability, growth potential, and innovation.

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