Dubai has also emerged as one of the most expensive cities globally for rentals. The average monthly rent for a three-bedroom apartment in the city center stands at $4,589, marking a 49% rise in recent years. This positions Dubai 10th globally for three-bedroom rentals and 8th for one-bedroom apartments. Despite the surge in housing costs, cities like Dubai, Riyadh, and Doha still exhibit strong purchasing power when compared to price levels. Dubai also ranks 15th worldwide in terms of net monthly salary, averaging $4,064, reflecting its economic strength and appeal for residents and professionals.
Central Dubai Property Prices Soar Since 2020
Central Dubai Property Prices See World’s Sharpest Rise Since 2020
According to Deutsche Bank’s 2025 “Mapping the World’s Prices” report, central Dubai has experienced the highest surge in property prices worldwide since 2020, with a 122% increase. Apartment prices in the city center have now reached $7,602 per square meter. This sharp rise has boosted Dubai’s global ranking by 15 places, placing it at 37th. The increase is largely driven by government initiatives such as the 10-year golden visa, remote work visas, retiree permits, and efforts toward economic diversification. Although Fitch Ratings anticipates a slight market correction later in 2025 due to a wave of new project completions, experts remain optimistic due to robust population growth and a stable property market.
