Dubai’s real estate prices have surged by 20%, though projections suggest that rent hikes may moderate in the coming year, according to CBRE.

Analysis conducted by CBRE indicates that while residential prices in Dubai continue to soar, there are indications of a deceleration in rent growth. Over the year leading up to December 2023, average residential prices in Dubai surged by 20.1 percent. Specifically, apartment and villa prices rose by 19.8 percent and 21.8 percent, respectively.