- April 16, 2026
- 1
- News&Media
On November 28, 2024, Dubai’s real estate market recorded a total transaction value of AED 1,939,840,219. This total is comprised of both off-plan and ready property transactions, each contributing significantly to the market’s dynamic landscape.
Off-Plan vs. Ready Property Breakdown
The total value of transactions for off-plan properties reached AED 792,554,220, accounting for approximately 40.9% of the total transactions for the day. Meanwhile, ready properties generated a total of AED 1,147,285,999, contributing 59.1% of the overall market transactions. These figures indicate a strong preference for ready properties, which provided a greater share of the market activity, emphasizing buyer confidence in completed and available properties.
Detailed Breakdown of Off-Plan Properties
The off-plan segment was mainly driven by flats, which brought in AED 642,860,421, contributing 81.1% to the total off-plan transactions. Villas followed with AED 143,442,834, representing 18.1% of the off-plan market, while hotel apartments and rooms contributed AED 6,250,965, which made up only 0.8% of the total off-plan transactions. This highlights the continuing demand for residential flats among investors looking for newer properties at the development stage.
Ready Property Transactions
The ready property segment saw a notable contribution from flats, which amounted to AED 810,963,328, making up 70.7% of the total ready transactions. Villas followed with AED 238,014,744, contributing 20.7%, while hotel apartments and rooms and commercial properties contributed AED 42,478,385 and AED 55,829,541 respectively, representing 3.7% and 4.9% of the ready transactions. The predominance of flats within the ready category underlines a high level of market activity for readily available residential units.
Market Insights
These figures illustrate the continued strength of Dubai’s real estate market, with a clear inclination towards ready properties. The larger contribution from flats across both off-plan and ready categories indicates sustained demand for compact residential units, likely driven by investors and end-users attracted to the lifestyle and investment potential that Dubai’s apartment market offers.
The healthy contribution from villas also signals robust interest in more spacious residential options, particularly among families and high-net-worth individuals seeking both comfort and luxury. Furthermore, the commercial properties’ share, although smaller, highlights ongoing business confidence in Dubai as a thriving hub for enterprises.
Conclusion Overall, the transactions recorded on November 28, 2024, portray a balanced demand for both off-plan and ready properties, with a clear edge for ready units. The data indicates that Dubai continues to be a key destination for real estate investments, driven by diverse buyer preferences across residential and commercial segments. Investors looking at Dubai are seeing opportunities in both emerging off-plan developments and established ready properties, suggesting a well-rounded and resilient market.
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