Ranked: Most expensive to cheapest property rentals in Dubai

Using data from Property Finder, here is a ranking of the most to least expensive property rentals and sales prices in Dubai

by Gareth van Zyl

August 24, 2024

DET, Emirates join forces to promote Dubai’s hub status

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Finding a property to rent or buy in Dubai in 2024 is a challenge that many residents face, with prices having risen dramatically in recent years.

Trying to get value for money is becoming more difficult. But Property Finder has shared a dataset that could help many in the Emirate with navigating this fast-changing market.

The company has shared a table of the most expensive to least pricey property listings on its website. The ranking, put together using its DataGuru Price Map tool, looks at apartments and villas in several areas, and classifies them according to their average rental and sales prices over the past three months.

“The DataGuru Price Map is informed by a comprehensive and robust dataset that encompasses millions of data points from property transactions, rental agreements, property listings across Dubai,” Fouad Bekkar, VP for data and AI at Property Finder, told Gulf Business.

“We source our data from a wide array of channels, including public records, market listings, and proprietary analytics, ensuring that our insights are both accurate and reflective of real-time market dynamics,” Bekkar added.

‘Dubai market remains a juggernaut’

The property market in Dubai has not shown any signs of cooling. In the first half of 2024, the Emirate’s property sector saw a year-on-year volume growth of more than 30 per cent, as reported by Property Monitor.

Bekkar said this trend has not let up.

“The Dubai property market remains a juggernaut, driven by several key factors that continue to attract both local and international investors,” Bekkar told Gulf Business.

“Firstly, Dubai’s strategic location as a global hub, coupled with its world-class infrastructure, makes it an attractive destination for businesses and residents alike. Secondly, government initiatives, such as the golden visa scheme and regulatory reforms, have further bolstered investor confidence.

“Lastly, the sustained demand for high-quality residential and commercial properties in prime locations underscores the market’s resilience. While the market may experience periodic adjustments in pricing, its underlying fundamentals remain strong, suggesting continued growth in the medium term,” he added.

Using the data from the pictured table below from Property Finder, Gulf Business has analysed it to create a ranking for the most to least expensive property rentals and sales prices in Dubai.