Dubai Real Estate had over 84,196 real estate transactions in 2021 worth almost AED 300 billion. The value of these transactions is the highest its ever been in the recorded history of Dubai Real Estate. Compared to 2020, the volume of transactions grew by 66.3 percent and the value of transactions grew by 72%.
Year-on-Year increase in value was 110.19 percent, increase in sales volume was 74.77 percent.
59.6 percent of sales transactions were in the secondary/ready market and 40.4 percent were off-plan.
DLD have adopted the hedonic price methodology to produce the Dubai House Price Index, the hedonic imputation method recognizes that the housing market is comprised of heterogeneous goods and can be described by their attributes or...
Dubai residential sales price index is created using a hedonic regression model
DLD has adopted the hedonic price methodology to produce the Dubai House Price Index, the hedonic imputation method recognizes that the housing market is comprised of heterogeneous goods and can be described by their attributes or their characteristics and the Dubai House Price Index will be constructed for monthly, quarterly and yearly frequencies to provide a deep understanding for the housing market in the Emirate of Dubai.
At present, we do not provide any accuracy metrics, and although all due care and statistical rigour is taken with the index generation, we do not claim any forecast accuracy. Dubai Land Department and Property Finder reserve the right to adjust methodologies at any given time, and these changes will be published with appropriate user notes. Users seeking financial guidance from the DRHPI do so at their own risk and should note that some external macroeconomic features will not be captured in the model.
The DRHPI should not be used for any commercial purposes, including pricing and investment decision making or performance measurement.