Dubai City-Centre Apartment Prices: Global Ranking & Growth Insights

The Dubai residential real estate market continues to capture the world’s attention. With competitive city-centre apartment prices and rapid value growth, Dubai stands out as a top destination for property investors and homebuyers. Whether you plan to buy an apartment in Dubai or keep an eye on the Dubai property price trend, this global ranking offers some eye-opening insights.

Dubai Ranked 8th in the Global Apartment Price List

Dubai now ranks 8th worldwide for city-center apartment prices, with an average of $7,602 per square meter. It’s more expensive than cities like Tokyo and Miami, but still much more affordable than places like New York, London, or Hong Kong, where prices can go over $25,000 per square meter.

For those looking to buy an apartment, this ranking highlights Dubai as a value-driven choice in the global housing market. Despite being a world-class city, Dubai property prices remain relatively accessible.

Dubai Leads the World in Apartment Price Growth

The most striking insight is not just Dubai’s ranking, but its 122% cumulative growth over the last 5 years. That’s the highest growth rate among all global cities listed in the report.

This growth shows how strong Dubai’s residential real estate market is. It's driven by investor trust, economic changes, and long-term visa options. If you're thinking about buying, getting in early could lead to significant returns.

What’s Driving the Dubai Property Price Trend?

Several key factors contribute to the steady rise in Dubai property prices:

• Investor-friendly regulations
• Growing population of expats and remote workers
• Ongoing infrastructure and luxury developments
• Stable economy and diversified sectors

Together, these elements are shaping a dynamic housing market with both short-term momentum and long-term potential.

Final Thoughts

Dubai’s mix of international appeal, fast-growing prices, and overall affordability makes it one of the top cities for real estate investment. Whether you're a first-time buyer or a seasoned investor, current market trends suggest it's a good time to buy an apartment in Dubai.

Interested in learning more? Explore the latest listings and expert tips at Elite Property DXB.

FAQs

Is Dubai affordable for property buyers compared to other major cities?

Yes. With an average of $7,602 per square meter, Dubai property prices are lower than global hubs like London, New York, or Singapore. It offers premium living at competitive costs.

Is now a good time to buy an apartment in Dubai?

Absolutely. Dubai has seen 122% price growth over 5 years, yet still ranks 8th globally in cost. This balance of affordability and appreciation makes it a smart time to invest.

What drives the Dubai housing market growth?

Key drivers include investor incentives, strong economic policies, international demand, and ongoing real estate development. These support a strong residential real estate foundation.

Should You Buy an Apartment in Dubai Now?

Given the upward trend in Dubai's property prices and relatively low entry costs compared to other major cities, now may be the best time to buy an apartment in Dubai. The numbers are showing clear appreciation, yet Dubai still offers better value than many other urban centers.