Dubai property prices: where they are rising and falling

Property prices in Dubai continued to rise in May, with transaction volumes also growing as the emirate's real estate market makes a strong rebound from the coronavirus-induced slowdown.

Month on month, prices rose 0.4 per cent for apartments and 1.2 per cent for villas in May, the report said.

The total volume of transactions in the market reached 5,542 in May, up 33 per cent from a year earlier.

“Transaction activity in Dubai’s residential market continues to remain on a strong footing, with total transaction volumes in the year to date [until] May 2022 reaching 30,903, the highest total recorded since 2009,” said Taimur Khan, head of research for the Mena region at CBRE.

“Price growth has also remained robust, despite the rate of growth slowing marginally from a month earlier.”