Dubai Real Estate Weekly Market Analysis 30-Dec-2024

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Dubai Real Estate Market Review 22-Apr-2026

The total real estate transactions in Dubai for Week 52 reached AED 7.46 billion. Down 20.6%. Off-plan was 59.5% or AED 4.44 billion and Ready properties contributed 40.5% or AED AED3.02 billion.

The total real estate transactions in Dubai for Week 52 amounted to AED7.46 billion, representing a notable decline of 20.6% compared to the previous week’s total of AED9.4 billion. This decrease indicates a temporary slowdown in market activity, likely influenced by year-end factors.

Category Breakdown

Off-Plan Properties: Contributed 59.5% of the total transactions, accounting for AED4.44 billion.
Ready Properties: Represented 40.5% of the total, amounting to AED3.02 billion.
This imbalance highlights a continued preference for off-plan developments, showcasing Dubai’s appeal for future-focused investments.

Off-Plan Transactions Analysis

Off-plan property sales dominated with AED4.44 billion, distributed across four sub-categories:

  • Flats: AED3.84 billion (86.5% of off-plan transactions)
  • Villas: AED407.81 million (9.2%)
  • Hotel Apartments & Rooms: AED22.03 million (0.5%)
  • Commercial Properties: AED169.17 million (3.8%)

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

Top Areas by Off-Plan Value

  • Business Bay: AED842.42 million (19% of off-plan Transactions)
  • Jumeirah Village Circle: AED479.55 million
  • Al Yufrah 1: AED233.54 million
  • Hadaeq Sheikh MBR: AED219.48 million
  • Madinat Al Mataar: AED196.27 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 AED3.02 billion, with the following contributions:

  • Flats: AED2.02 billion (66.8% of ready transactions)
  • Villas: AED529.12 million (17.5%)
  • Hotel Apartments & Rooms: AED161.53 million (5.4%)
  • Commercial Properties: AED117.02 million (3.9%)

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

Top Areas by Ready Property Value

  • Business Bay: AED300.48 million (10% of ready transactions)
  • Burj Khalifa: AED294.27 million
  • Jumeirah Village Circle: AED279.84 million
  • Dubai Land Residence Complex: AED234.74 million
  • Jumeirah Lakes Towers: AED195.63 million

The dominance of Business Bay and Burj Khalifa underscores the sustained investor interest in premium locations.

Key Insights and Comparison

  • Off-Plan vs. Ready Market: The off-plan market outperformed the ready market, signaling robust interest in future developments.
  • Flats Dominate Transactions: Flats remain the most traded property type across both categories, emphasizing high demand for residential living.
  • Top Performing Areas: Business Bay’s prominence in both off-plan and ready transactions highlights its consistent allure as a premium investment destination.
  • Market Decline: The decrease from AED9.4 billion to AED7.46 billion in weekly transactions suggests a seasonal slowdown, possibly driven by year-end investor behavior.

Conclusion Week 52’s real estate performance reflects a cooling-off period in Dubai’s market, with a marked preference for off-plan properties. The consistent activity in key areas like Business Bay and Jumeirah Village Circle reinforces their status as prime investment hubs. While the decline in transaction value highlights short-term challenges, Dubai’s real estate market remains a resilient and attractive destination for global investors.

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