- April 17, 2026
- 3
- News&Media
The Dubai real estate market saw robust activity on December 12, 2024, with total transactions reaching an impressive AED 1.8 billion. This amount was driven by significant contributions from both off-plan and ready property sales. Below is a detailed analysis of the figures, breaking down the contributions of each property type to the total transactions.
Overall Distribution
- Off-Plan Properties: AED 6.9 billion (38.2% of total transactions)
- Ready Properties: AED 1.1 billion (61.8% of total transactions)
The ready property segment outperformed the off-plan market, contributing the majority share of the transactions.
Off-Plan Properties:
Off-plan properties accounted for a substantial portion of the day’s transactions, with flats being the dominant category:
- Flats: AED 513,820,942.8 (74.5% of off-plan transactions)
- Villas: AED 154,281,183 (22.4% of off-plan transactions)
- Hotel Apartments & Rooms: AED 5,985,650 (0.9% of off-plan transactions)
- Commercial: AED 15,792,769 (2.3% of off-plan transactions)
Flats clearly dominated the off-plan market, contributing nearly three-quarters of the total off-plan sales.
Ready Properties:
Ready properties formed the majority of the transactions, with a strong performance across all sub-categories:
- Flats: AED 862,326,126 (77.1% of ready transactions)
- Villas: AED 165,603,445 (14.8% of ready transactions)
- Hotel Apartments & Rooms: AED 26,727,445 (2.4% of ready transactions)
- Commercial: AED 62,881,598 (5.6% of ready transactions)
Flats also led in the ready property market, contributing over three-quarters of the ready transactions.
Key Insights
- Flats as a Dominant Force:
- Across both segments, flats were the primary driver of transactions, contributing AED 1,376,147,068.8 or 76.2% of the total transactions.
- Strong Ready Market Performance:
- Ready properties significantly outperformed off-plan properties, reflecting heightened demand for move-in-ready options among buyers.
- Villas’ Stable Contribution:
- Villas made notable contributions in both segments, accounting for AED 319,884,628 or 17.7% of total transactions.
- Limited Role of Hotel Apartments and Commercial Units:
- Hotel apartments and commercial properties contributed less than 10% of transactions in both off-plan and ready categories, indicating niche demand.
Conclusion
The December 12, 2024, transaction data underscores the resilience and vibrancy of Dubai’s real estate market. The ready property segment, particularly flats, continues to dominate, reflecting buyer preferences for completed properties. However, the off-plan market remains a significant player, catering to those seeking investment opportunities or future-oriented living solutions. With steady demand across various property types, Dubai’s real estate market remains a beacon for both investors and end-users.
Dubai Real Estate Market Review 13-Dec-2024
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