Dubai has emerged as one of the world’s more affordable major cities for buying a home, according to a UBS report comparing housing affordability across 23 major global markets.
The report found that residents in Dubai need roughly five years of average income to afford a 60-square-metre apartment near the city centre.
In comparison, buyers in Hong Kong would need around 15 years of average income, while London requires approximately 11 years.
Dubai also stands out on a price-to-rent basis. The report estimates that around 16 years of rental income would be equivalent to the purchase price of a home, placing the city among the more affordable major housing markets by this measure.
The figures highlight Dubai’s position within the global property market, particularly when housing costs are considered alongside average local incomes and rental values.
