New Condos in Dubai

The Dubai real estate market is thriving, with the emirate’s safe haven status and positive economic and demographic indicators driving growth. Last year, Dubai’s population surpassed 3.6 million, and tourist arrivals from January to November 2023 rose by 19.9%. The UAE’s real estate market is expected to reach US$0.71 trillion this year, with the residential segment dominating at US$0.41 trillion. A steady annual growth rate of 3.03% is forecasted between 2024 and 2028, resulting in a market volume of US$0.80 trillion by 2028. Therefore, investing in new pre-construction condos or new homes in Dubai is a smart move with a high ROI.  

Searching for new condos in Dubai or modern living space listings? You’re in the right place! We’re dedicated to helping you find your dream home in this exciting and dynamic city.

Dubai Pre-Construction Condo Market Trends 2024

The average price per square foot for new pre-construction condos in Dubai is $600. There is an annual appreciation rate of 2.3% for condos. The resale price for all types of existing and new homes in Dubai is $745,000. The average rental rate for all home types in Dubai is $3,200. The vacancy rate in the city is 8%. The time to sell new condos in Dubai is on average 40 days. And the time to sell homes in Dubai is longer, 60 days on average.