Authored by the expert who managed and guided the team behind the Ireland Property Pack
Yes, the analysis of Dublin's property market is included in our pack
Why is Dublin emerging as a prime destination for property investment in 2025? Is it the robust rental market, the thriving tech industry, or the competitive pricing compared to other European capitals? What are the key benefits for investors?
We get asked these questions all the time because we’re on the ground, working closely with developers, real estate agents, and investors like you. With so much interest in this market, we’ve decided to turn our individual answers into a comprehensive article for everyone to benefit from.
Our goal is to provide a clear case for investing in Dublin's property market, backed by our firsthand experience and market knowledge.
If you think we missed an important point in our content or want to know more, don’t hesitate to reach out (we answer super fast). Your feedback makes our content even stronger.
Finally, please note that this is not financial or investment advice. Investing in real estate carries inherent risks, and market conditions can change unexpectedly. We strongly encourage you to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
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1) Dublin’s strong rental market means steady income for landlords
Dublin's rental market is thriving, making it a great spot for landlords seeking steady income.
One reason for this is the high occupancy rates. In 2022, short-term rentals in Dublin had an average daily rate of €187 and an occupancy rate of 66%, which brought in an annual revenue of €45,300 per property. This shows there's a strong demand for both short-term and long-term rentals.
Rental prices are also on the rise. In the second quarter of 2023, the average rent in Dublin City Centre jumped by 8.8% to €2,307. By early 2024, rents were 2.5% higher than the previous year. This steady increase means landlords can expect to earn more over time.
Dublin's low vacancy rates add to the competitive edge. In 2023, the vacancy rate was around 1.5%, which is quite low. This scarcity allows landlords to charge more, as there are fewer available rental properties. The city's growing population and urbanization are likely to keep vacancy rates low.
For those considering investing in Dublin, these factors make it a promising market. The combination of high demand and rising rents offers a lucrative opportunity for property owners.
Sources: BNB Calc, Global Property Guide, CKP Irish Rental Report
2) Dublin is a key business hub in Europe due to its strategic location
Dublin is a prime spot for international business thanks to its strategic location in Europe.
With Dublin Airport handling over 31 million passengers in 2022, the city boasts strong global connectivity, making it a breeze for businesses to reach international markets. This bustling airport is a testament to Dublin's role as a gateway for global commerce. The city is also a magnet for tech giants, hosting the European headquarters of Google, Facebook, Microsoft, and Amazon. These companies not only bring in thousands of jobs but also attract significant investments, underscoring Dublin's allure for multinational corporations.
Dublin's appeal doesn't stop there. The city has been a hotspot for foreign direct investment (FDI), with Ireland ranking among Europe's top destinations for FDI. This influx of capital fuels Dublin's economic growth and development, making it a vibrant place for business. Its geographic position is a sweet spot, acting as a bridge between Europe and North America, which is perfect for companies looking to tap into both markets.
Moreover, Dublin's proximity to major European markets offers easy access to the EU, enhancing its attractiveness for international business. This strategic advantage means companies can efficiently serve a vast customer base across Europe. The city's infrastructure and business-friendly environment further bolster its status as a business hub.
For anyone considering buying property in Dublin, these factors make it a compelling choice. The city's thriving business scene and strategic location promise not just a place to live, but a gateway to global opportunities. Whether you're an investor or a future resident, Dublin's dynamic landscape offers a wealth of possibilities.
Sources: Businessing Mag, EY
We made this infographic to show you how property prices in Ireland compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
3) Dublin’s airport connectivity increases demand for property
Dublin Airport's international reach is a major driver of property demand in the area.
With nearly 32 million passengers in 2023, Dublin Airport is bustling more than ever, making it a key travel hub. This surge in travelers isn't just a number; it means more people are drawn to the area, boosting the need for homes and offices nearby.
Imagine having access to 180 destinations worldwide right from Dublin. Direct flights to big U.S. cities like Charlotte and Dallas make it a breeze for businesses to connect globally. This ease of travel is a magnet for multinational companies, which in turn ramps up the demand for both residential and commercial properties.
Dublin isn't just a city; it's a tech and business powerhouse, thanks in part to its airport. The airport's global links make Dublin a hotspot for tech firms and other businesses. This attracts a wave of expats looking for job opportunities, which naturally pushes up property demand.
Tourism is another piece of the puzzle. With travel bouncing back post-pandemic, more tourists are flocking to Dublin, especially areas close to the airport. This influx of visitors means more demand for properties, whether for short stays or long-term investments.
Sources: DAA, Dublin Airport, Melanie May
4) Dublin’s green spaces make it a more attractive place to live for homebuyers
Dublin's green spaces are a big draw for homebuyers, boosting the city's appeal.
Living near parks in Dublin isn't just about enjoying nature; it can also mean higher property values. Imagine a 10% increase in park space within 2km of your home, and you could see your property price rise by 5.5%. That's roughly €7,000 added to the average house price in Dublin, making these green areas a smart investment.
It's no secret that homes near green spaces are in high demand. Real estate agents often highlight proximity to parks as a major selling point. This trend is echoed in media reports, which frequently spotlight Dublin's lush parks as a key attraction for potential buyers.
But it's not just about money. Dublin's green spaces offer health perks too. They are linked to better mental and physical health, cooler urban temperatures, and cleaner air. These benefits make living near parks not just desirable but also healthier, adding to the overall quality of life.
Dublin City Council is on board with this green wave, actively working to enhance the city's green infrastructure. Supported by government initiatives, this commitment highlights the importance of green spaces in urban planning, ensuring they remain a priority in the city's development.
Sources: ESRI, RTE, EPA, Anywhereis
5) Dublin’s coastal setting provides appealing waterfront property options
Dublin's coastal location is a magnet for those seeking attractive waterfront properties.
In recent years, property values in these areas have been on the rise. Back in 2023, the Sunday Times Property Price Guide forecasted a 5% growth in property prices in coastal spots like Howth and Sutton. This trend has caught the eye of both investors and homebuyers, making these areas even more appealing.
The demand for waterfront properties is booming. In 2023, the Bank of Ireland noted that nearly 40% of homes in Dublin were sold for at least 10% above their asking prices. This surge in interest is partly due to the limited number of homes available, with only about 2,000 homes up for rent in Dublin as of May 2024.
Coastal properties in Dublin also offer enticing rental yields. For instance, a 3-bedroom apartment in Dublin had an average gross rental yield of 7.58% in 2023. This means property owners can expect a solid return on their investment, making these properties even more attractive.
Living by the coast in Dublin isn't just about financial gains. The scenic beauty and lifestyle perks of coastal living add to the allure. Imagine waking up to the sound of waves and having the beach as your backyard—it's a lifestyle many dream of.
With the combination of rising property values, high demand, and strong rental yields, Dublin's waterfront properties are a hot commodity. The limited supply only adds to their desirability, making them a wise choice for those looking to invest or settle down by the sea.
Sources: MPA Mag, Global Property Guide, Unique Media
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6) Dublin’s strong healthcare system attracts more people to live there
Dublin's healthcare system is a key factor in its population growth.
One standout feature is the high ranking of its hospitals. In the 2024 National Inpatient Experience Survey, a whopping 85% of patients gave their hospital care a thumbs up, with many calling it "very good" or "good." This kind of feedback is a big deal, showing that Dublin's hospitals are doing something right.
There's also been a boost in healthcare investments, as noted by the European Commission's 2024 report. These investments are crucial, especially when the economy is shaky, ensuring the healthcare system can handle more people. It's not just about money, though; the number of healthcare professionals is climbing too. Back in 2021, there were 4.05 doctors for every 1,000 people, which is a solid indicator of a strong healthcare workforce.
Patient satisfaction is another feather in Dublin's cap. The 2024 survey revealed that most patients felt respected and trusted the hospital staff. This trust is vital for a supportive healthcare environment, making patients feel more at ease and cared for.
All these factors show that Dublin's healthcare system is ready for its growing population. The city's commitment to healthcare is evident in its infrastructure and workforce, ensuring that residents receive top-notch care.
For anyone considering a move to Dublin, knowing that the city has a robust healthcare system is reassuring. It's not just about having more doctors or better hospitals; it's about creating a community where people feel safe and supported.
Sources: HIQA, European Commission, The Global Economy
7) Dublin’s booming tech industry draws high-earning professionals, increasing demand for housing
Dublin's tech industry is booming, drawing in high-earning professionals from around the globe.
In 2025, 260,000 people were employed in Ireland's tech sector, with Dublin at the heart of this growth. The city has become a major global tech hub, hosting giants like Google, Amazon, and Facebook, which fuels this employment surge.
The tech industry's economic impact in Ireland is massive, with a projected €48 billion contribution by 2025. This is driven by a dynamic job market where roles in machine learning and software development are hot commodities. High salaries, such as cybersecurity positions offering up to €130,000 annually, are a big draw for professionals seeking lucrative opportunities.
As more tech companies set up shop in Dublin, the demand for housing has skyrocketed. The city's population is growing rapidly, thanks to tech industry jobs, with net migration reaching its highest level since 2007. This influx has led to a surge in residential demand.
In 2023, the number of new dwellings completed reached levels not seen since the 'Celtic Tiger' period, highlighting the city's need for more housing. This growth is a direct response to the increasing number of tech professionals moving to Dublin for work.
Sources: Dublin.ie, CBRE Ireland Real Estate Market Outlook 2024, Nucamp Blog
8) With better public transport, Dublin properties are more accessible and valuable
Dublin's public transport upgrades are making properties more accessible and valuable.
In 2023 and 2024, the government poured €3.9 billion into projects like BusConnects, DART+, and MetroLink. This hefty investment is all about boosting transport capacity and accessibility, making homes in these well-connected areas a hot commodity. Imagine living near a Luas or DART station; it's not just convenient, it's a smart investment.
Homes near DART stations can fetch up to €579,000, while those by the Luas Green Line hover around €545,000. Why the premium? It's all about the ease of getting around. The Economic and Social Research Institute (ESRI) found that homes within 500 meters to 2 kilometers of a light rail station sell for 7% to 17% more than those further away. That's a big deal for buyers looking for both convenience and value.
Demand is soaring for properties near new or upgraded transport routes. A study from Daft.ie shows that Dublin house-buyers are willing to pay up to 10% more for homes near railway stations or Luas lines. This demand is pushing property values up, making these areas even more desirable. The Draft Dublin City Centre Transport Plan 2023 is also in play, aiming to shift the city towards sustainable travel, which is expected to further boost property values by cutting down commute times.
Sources: Draft Dublin City Centre Transport Plan 2023, Irish Examiner, Budget 2025, Hedonic Analysis of the Value of Rail Transport in the Greater Dublin Area
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Ireland. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) With many multinational companies, there’s always a strong demand for housing
Multinational companies in Dublin are driving a steady demand for housing.
When big names like ClickUp and SEI set up shop in Dublin, they bring along a wave of employees. These folks, often moving from other places, need homes, which naturally bumps up the housing demand. SEI's Dublin office is now its largest in Europe, housing over 400 employees. This isn't just good for the economy; it also shakes up the housing market.
As more people flock to Dublin for work, the need for rental properties shoots up. In 2023, average rent in Dublin City Centre jumped by 8.8%. This is a clear sign of how the job market is influencing where people want to live. The influx of international workers is another piece of the puzzle. Work permits increased by 20.5% in the first half of 2024, showing that Dublin is a hot spot for global talent.
These workers are drawn by the opportunities in multinational companies, adding to Dublin's lively housing scene. The result? Rising house prices and rental yields, which point to a market that's competitive due to high demand and limited supply. This trend is a win-win for property investors and landlords.
Sources: SEI Newsroom, Economy Finance, IDA Ireland
10) Dublin’s historical charm draws tourists, making it easy to rent out your property short-term
Dublin's historical charm is a magnet for tourists, boosting short-term rental potential.
In 2024, 6.2 million people visited Ireland, a 7% increase from the previous year, showing Dublin's growing allure. This surge in tourism is a testament to the city's appeal, especially its rich history and vibrant culture.
Short-term rentals in Dublin are thriving, with a typical listing booked for 274 nights a year and achieving a median occupancy rate of 75%. This high demand is fueled by the city's historical areas, which tourists find irresistible. Many rentals boast 5-star ratings, making them even more attractive.
Dublin's historical sites are consistently top tourist destinations, drawing visitors eager to soak in the city's unique charm. This interest is evident in the growing number of Airbnb listings, which reached 4,101 active listings by September 2024, showcasing a robust market for short-term stays.
Tourists flock to Dublin not just for its history but also for its lively atmosphere and welcoming locals. The city's blend of old-world charm and modern vibrancy makes it a top choice for travelers seeking an authentic experience.
With its cobblestone streets and iconic landmarks, Dublin offers a picturesque setting that captivates visitors. This enchanting environment not only attracts tourists but also encourages them to stay longer, further boosting the short-term rental market.
Sources: Travel and Tour World, Airbtics
11) Dublin’s universities attract students, making it easy for you to find renters
Dublin's universities are a magnet for students from all over the world.
In the 2022/23 academic year, 256,785 students were enrolled in higher education across Ireland, with Dublin being a major hub. This influx naturally boosts the demand for rental accommodations. Picture the bustling streets filled with students looking for a place to call home during their studies.
Take Dublin City University (DCU) as an example, where 12% of its 14,735 students in 2023 were international. These students, coming from various corners of the globe, add to the vibrant mix and, of course, need places to stay. It's not just about finding a room; it's about finding a community.
The rental market in Dublin is feeling the heat. Rental prices jumped by 10% in 2023 and show no signs of slowing down in 2024. With a low vacancy rate of around 1.5% in 2023, it's a tough game out there for students trying to find affordable housing.
Reports from the UCD Students' Union highlight a serious issue: there's a shortfall of 30,000 student beds. This shortage is a hot topic in the media, pointing to the urgent need for solutions to the housing crunch students face in Dublin.
Sources: HEA, UCD Students' Union, Times Higher Education
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12) Dublin’s economic resilience offers you a stable investment environment
Dublin's economy is bouncing back with impressive GDP growth projections.
Despite a slight dip in Ireland's GDP by 0.5% in 2024, the forecast is bright with a 4.0% growth expected in 2025 and 3.6% in 2026. This signals a strong recovery, making Dublin an attractive spot for property investment. The city's economic resilience is further highlighted by its low unemployment rates. In early 2024, Dublin's unemployment rate dropped to 4.8%, and it's predicted to stay low, averaging 4.4% in the coming years.
Such a tight labor market is a good sign for economic stability, ensuring a steady demand for housing. Dublin's economy isn't just about numbers; it's about diversity. The city thrives with multiple sectors, from a robust services industry to a construction sector that's picking up pace. In 2023, computer services exports saw continued growth, adding another layer of strength to the local economy.
For those considering buying property, this diversified economic base means less risk and more opportunities. Dublin's ability to attract foreign direct investment is another feather in its cap. The city is ranked 11th in Europe for FDI, showing its appeal to international investors. This influx of investment not only boosts the economy but also enhances the city's infrastructure and amenities, making it a more desirable place to live.
With a stable economic environment and a promising future, Dublin offers a compelling case for property buyers. The city's resilience and growth potential make it a smart choice for those looking to invest in real estate. Whether you're eyeing a family home or a rental property, Dublin's economic landscape provides a solid foundation for your investment.
Sources: Economic forecast for Ireland - European Commission, Latest Dublin Economic Monitor Shows Continued Robust Expansion, Ireland ranked 11th for Foreign Direct Investment as Europe loses FDI momentum
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.