Average home price in dubai

The average home price in Dubai is AED 1,223,000. This is based on data from the Dubai Land Department, which tracks all property transactions in the emirate.

The average home price in Dubai has been on the rise in recent years. In 2018, the average home price was AED 995,000. This means that the average home price has increased by 23% in the past 5 years.

There are a number of factors that have contributed to the rise in home prices in Dubai. One factor is the strong economy in Dubai. The emirate has been growing at a rapid pace in recent years, and this has created a demand for housing.

Another factor that has contributed to the rise in home prices is the influx of foreign investors into Dubai. The emirate has been a popular destination for foreign investors in recent years, and this has driven up demand for housing.

The rise in home prices in Dubai has made it difficult for some people to afford to buy a home in the emirate. However, there are a number of government initiatives that are aimed at making home ownership more affordable.

One initiative is the Dubai 2021 Plan. This plan aims to make Dubai a more affordable city to live in, and it includes a number of measures to make home ownership more affordable.

Another initiative is the Dubai Mortgage Financing Programme. This programme provides government-backed mortgages to Emiratis and expatriates.

The rise in home prices in Dubai has made it a more expensive city to live in. However, the government is taking steps to make home ownership more affordable.

Here are some of the factors that affect the average home price in Dubai:

• Location: The average home price in Dubai varies depending on the location. The most expensive areas in Dubai are Downtown Dubai, Jumeirah Beach Residences, and Palm Jumeirah. The least expensive areas in Dubai are International City, Al Qusais, and Deira.
• Type of property: The average home price in Dubai also varies depending on the type of property. Apartments are generally cheaper than villas.
• Size: The average home price in Dubai also varies depending on the size of the property. Larger properties are generally more expensive than smaller properties.
• Age: The average home price in Dubai also varies depending on the age of the property. Newer properties are generally more expensive than older properties.
• Condition: The average home price in Dubai also varies depending on the condition of the property. Properties in good condition are generally more expensive than properties in poor condition.
• Facilities: The average home price in Dubai also varies depending on the facilities that are available in the property. Properties with more facilities are generally more expensive than properties with fewer facilities.

If you are considering buying a home in Dubai, it is important to do your research and understand the factors that affect the average home price. By doing this, you can be sure to find a property that is within your budget and meets your needs.