The total value of transactions rose 22.5 per cent to Dh267 billion in 2015, compared to Dh218 billion in 2014. 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 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 .