Dubai Real Estate Data.
Below, I report three types of real estate indicators for Dubai:
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(1) Returns
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(2) Home Prices
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(3) Case-Shiller Home Price Index
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The underlying core data is official government data from the Dubai Land Department and the Real Estate Regulatory Agency ('RERA'). It can be downloaded for free from the Dubai Land Department website (dubailand.gov.ae). This core data was cleaned and complemented with additional data points such as building developers and location. The data set is being used for a research project on the drivers of real estate valuation using artificial neural networks. I make the aggregate data here available to create some transparency for anyone that might be interested in following the Dubai real estate market.
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Due to its sensitivity, I don't make the breakdown by developer publicly available. If you are interested in seeing and/or using it, please reach out via the 'Contact' form.
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If you want to use the below data for any academic or commercial purpose, be so kind and cite its source as
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'rauchfinance.com' (for commercial use)
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'Rauch, Christian. 2025. Location, Location, Location? What Do 1 Million Real Estate Deals Tell Us About Real Estate Valuation? Working Paper' (for academic use).
Real Estate Returns
The graph below shows a variety of different returns of real estate prices. The returns are calculated for all residential sales excluding off-plan, and reported separately for different market (sub-)segments. Data is updated every month. For details on the breakdown, please see the description at the bottom. To select the different return categories, please use the dropdown menu under the graph.
* The top five areas excluding Downtown Dubai by number of apartment sales are Dubai Marina, International City, Jumeirah Lake Towers, Jumeirah Village Circle and Business Bay.
** Price segments are determined by the median price of off-plan sales within the first 6 months of sales per building (for apartments) or community (for villas). If, based on these prices, a building/community falls within the top (bottom) quartile of the overall price distribution in the calendar year of its first off-plan sale, it is labeled as 'top (bottom) quartile'. Price segments are determined based on this category to account for the overall price development over time, and the positioning/perception of a property upon its first sale into the market.
Home Prices
The graph below shows average prices per square meter. The prices are calculated for all residential sales excluding off-plan, and reported separately for different market (sub-)segments. For details on the breakdown, please see the description at the bottom. To select the different categories, please use the checkboxes under the graph.
PLEASE SELECT GRAPH BY CHECKING THE BOXES:
Total Market
Entire Dubai market of all
apartment and villa sales
Breakdown by Number of Rooms
All apartment sales broken down by number of rooms
Breakdown by Area
Apartment sales by area
Breakdown by Price Segment
Top and bottom price quartiles of villas and apartments**
* The top five areas excluding Downtown Dubai by number of apartment sales are Dubai Marina, International City, Jumeirah Lake Towers, Jumeirah Village Circle and Business Bay.
** Price segments are determined by the median price of off-plan sales within the first 6 months of sales per building (for apartments) or community (for villas). If, based on these prices, a building/community falls within the top (bottom) quartile of the overall price distribution in the calendar year of its first off-plan sale, it is labeled as 'top (bottom) quartile'. Price segments are determined based on this category to account for the overall price development over time, and the positioning/perception of a property upon its first sale into the market.
Case Shiller Home Price Index
The graph below shows the Case Shiller Home Price Index based on all residential real estate sale prices excluding off-plan. It is based on the original methodology of Karl Case and Robert Shiller as first published in 1987, with one difference. Dubai real estate data does not allow for the tracking of repeat-sales of the same home. I therefore track sales of equal-sized (by number of rooms) apartments in the same building over time. So for example, all sales of a 2-bedroom apartment in the same tower over time would count as 'repeat sales'. While technically not the same home, their size and location are sufficiently identical to serve as valid proxies for the calculation. For villas, I do the same but by (gated) community. The index is rebased to 100 in December 2007. For details on the breakdown, please see the description at the bottom. To select the different categories, please use the checkboxes under the graph.
PLEASE SELECT GRAPH BY CHECKING THE BOXES:
Total Market
Entire Dubai market of all
apartment and villa sales
Breakdown by Number of Rooms
All apartment sales broken down by number of rooms
Breakdown by Area
Apartment sales by area
Breakdown by Price Segment
Top and bottom price quartiles of villas and apartments**
* The top five areas excluding Downtown Dubai by number of apartment sales are Dubai Marina, International City, Jumeirah Lake Towers, Jumeirah Village Circle and Business Bay.
** Price segments are determined by the median price of off-plan sales within the first 6 months of sales per building (for apartments) or community (for villas). If, based on these prices, a building/community falls within the top (bottom) quartile of the overall price distribution in the calendar year of its first off-plan sale, it is labeled as 'top (bottom) quartile'. Price segments are determined based on this category to account for the overall price development over time, and the positioning/perception of a property upon its first sale into the market.