Despite low house prices , Dubai 's property market is reportedly thriving , registering transactions worth Dh68.48bn , approximately £ 13bn , in the first 53 days of 2016 , with the year end value predicted to be Dh300bn , according to the Dubai Land Department Director - General . Gross rental ##s of around 10 % have been reported in some sought - after properties .
Despite low oil prices, Dubai's property market is reportedly thriving, registering transactions worth Dh68.48bn, approximately £13bn, in the first 53 days of 2016, with the year end total predicted to reach Dh300bn, according to the Dubai Land Department Director-General. Gross rental returns of around 10% have been reported in some sought-after communities.