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A year after rains, insurance costs keep climbing in Dubai

April 17, 2025

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Gulf News

It's been exactly a year since the rains and the flooding in Dubai but for property owners, there is no relief when it comes to paying insurance for these assets.

A year after rains, insurance costs keep climbing in Dubai

"There’s been a 17 per cent increase in home insurance premiums from Q4-2024 to Q1-2025," said Avinash Babur, CEO of InsuranceMarket.ae.

"We believe the UAE market for home insurance is still in a recalibration phase where premiums are adjusting, based on more accurate risk assessment.

"While going forward, there may not be any more sharp spikes in premiums, we wouldn't yet call it fully stable."

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