Dubai real estate prices increased by little more than 2% in September after the post-pandemic high pace of price appreciation slowed down during the previous year. According to the Property Monitor Dynamic Price Index (DPI), the value of a home currently stands at AED 1,047 per square foot, a level last seen in April 2018 when the market was going through a protracted decline.

Year-to-date sales eclipse 2021 totals as the market powers on and prices surge. New high-end and luxury
development launches shift off-plan sales into a high gear, sending rental yields and sales levels racing
towards near all-time highs.

At an emirate-wide level, the index value for September 2022 increased by 2.95 index points to 146.12 from
143.17 in August 2022, representing a month-on-month increase of 2.06%.

In September 2022, property prices stood at AED 1,047 per sq ft, down 15.2% from the market peak in September 2014 and are 33.3% above the market trough of April 2009. Property prices were last at these levels during the recovery phase of the previous market cycle between October and November 2013.