Cost of Construction
in Dubai UAE

Fresh data regarding the UAE real estate market in the initial months of the third quarter of 2023 indicates a noticeable pattern of price depreciation and subsequent consolidation across various sectors, excluding the construction and premium segment.

Cost of residential Construction

Residential

Villa - Medium Specification
Price in per sqft - AED 327 - 400
Price Per Square Meter - AED 3,490 - 4,277

Villa - High Specification
Price in sqft - AED 327 - 400
Price Per Square Meter - AED 5,377 - 6,390

Apartment Low to Medium Rise - Medium Specification
Price in sqft - AED 327 - 400
Price Per Square Meter - AED 3,275 - 4,288

Apartment High Rise - High Specification
Price in sqft - AED 327 - 400
Price Per Square Meter - AED 5,688 - 6,440

Cost of Commercial Construction(Shell and Core only)

Commercial

Office Low to Medium Rise - Medium Specification
Price in sqft - AED 326 - 405
Price Per Square Meter - AED 3,487 - 4,327

Office High Rise - Medium Specification
Price in sqft -AED 374 - 498
Price Per Square Meter - AED 3,997 - 5,322

Cost of Industrial Construction

Industrial

Medium Duty Industrial
Price in sqft -AED 166 - 276
Price Per Square Meter - AED 1,770 - 2,949

Medium to Heavy Duty Industrial
Price in sqft -AED 260 - 517
Price Per Square Meter - AED 2,772 - 5,526

Cost of Hotels Construction (Including FF&E)

Hotels

Three Star
Price in sqft -AED 506 - 631
Price Per Square Meter - AED 5,400 - 6,744

Four Star
Price in sqft -AED 726 - 870
Price Per Square Meter - AED 7,758 - 9,296

Five Star
Price in sqft -AED 868 - 1121
Price Per Square Meter - AED 9,271 - 11,977

Cost of Retail Construction(Shell & core with public area finished)

Retail

Shopping Mall
Price in sqft -AED 363 - 498
Price Per Square Meter - AED 3,881 - 5,319

Cost of Car parking Construction

Car parking

Podium
Price in sqft -AED 191 - 259

Basement
Price in sqft -AED 247 - 293

Price Per Square Meter - AED 2,635 - 3,129

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