Dubai Real Estate Weekly Market Analysis 23-Dec-2024

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Dubai Real Estate Market Review 23-Apr-2026

The total real estate transactions in Dubai for Week 51 reached AED 9.44 billion. Up 8.5%. Off-plan contributed 51.3% or AED 4.84 billion and Ready properties contributed 48.7% or AED AED4.59 billion.

The total real estate transactions in Dubai for Week 51 amounted to AED9.44 billion, representing a significant growth of 8.5% compared to the previous week’s total of AED8.7 billion. This upward trend highlights sustained investor confidence and an active market, with contributions from both off-plan and ready properties.

Category Breakdown

  • Off-Plan Properties: Contributed 51.3% of the total transactions, accounting for AED4.84 billion.

Ready Properties: Represented 48.7% of the total, amounting to AED4.59 billion.

This balance between off-plan and ready transactions showcases Dubai’s dual appeal for investors interested in new developments and those seeking immediate possession.

Off-Plan Transactions Analysis

Off-plan property sales dominated with AED4.84 billion, distributed across four sub-categories:

  1. Flats: AED4.04 billion (83.3% of off-plan transactions)
  2. Villas: AED742.99 million (15.3%)
  3. Hotel Apartments & Rooms: AED15.01 million (0.3%)
  4. Commercial Properties: AED49.98 million (1.0%)

The predominance of flats demonstrates a strong preference for residential units in under-construction developments.

Top Areas by Off-Plan Value

  • Business Bay: AED679.72 million (25% of top 10 off-plan areas)
  • Al Yufrah 1: AED307.39 million
  • Madinat Al Mataar: AED306.49 million
  • Marsa Dubai: AED276.89 million

Business Bay emerged as the most active area, reflecting its prominence as a key hub for luxury developments and strategic location.

Ready Property Transactions Analysis

Ready properties accounted for AED4.59 billion, with the following contributions:

  1. Flats: AED3.79 billion (82.5% of ready transactions)
  2. Villas: AED505.47 million (11.0%)
  3. Hotel Apartments & Rooms: AED111.36 million (2.4%)
  4. Commercial Properties: AED185.42 million (4.0%)

Similar to the off-plan market, flats dominated ready sales, indicating a consistent investor preference for residential apartments.

Top Areas by Ready Property Value

  • Dubai Water Canal: AED1.54 billion (48.1% of top 10 ready areas)
  • Burj Khalifa: AED302.76 million
  • Palm Jumeirah: AED289.99 million
  • Business Bay: AED259.31 million

The dominance of Dubai Water Canal showcases its growing reputation as a luxury hotspot.

Key Insights and Comparison

  • The off-plan market slightly outperformed the ready market this week, signaling robust interest in future developments.
  • Flats remain the most traded property type across both categories, demonstrating high demand for residential living.
  • Business Bay’s prominence in both off-plan and ready transactions reflects its consistent allure as a premium investment destination.
  • The increase from AED8.7 billion to AED9.44 billion in weekly transactions signifies strong year-end activity, possibly driven by investor deadlines and holiday-related investments.

Conclusion Week 51’s real estate performance underscores Dubai’s position as a thriving global real estate hub. With balanced contributions from off-plan and ready properties, the market continues to attract a diverse array of investors. The focus on high-value areas such as Business Bay, Dubai Water Canal, and Burj Khalifa highlights the enduring demand for properties in prime locations.

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