The total real estate transactions in Dubai for Week 6 reached AED 8.58, a 16.7% decrease from last week’s AED 10.3 billion. Off-plan contributed 58.7%, while Ready properties contributed 41.3%.

Dubai’s real estate market recorded a total transaction volume of AED8.58 billion in Week 6, reflecting a notable decrease of approximately 16.7% compared to the previous week’s total of AED10.3 billion. This decline highlights a temporary slowdown in transaction volumes, potentially driven by market adjustments or seasonal fluctuations.

Off-Plan vs. Ready Transactions

The market was once again dominated by off-plan transactions, which accounted for 58.7% of the total market volume, with a total value of AED5.04 billion. Ready property transactions comprised the remaining 41.3%, amounting to AED3.54 billion.

This continued dominance of off-plan sales suggests sustained investor confidence in future developments and an appetite for new projects.

Breakdown by Property Type

Off-Plan Transactions

• Flats led the segment, contributing AED3.85 billion (76.4% of off-plan sales).
• Villas followed with AED1.08 billion (21.4%).
• Hotel Apartments & Rooms recorded AED33.37 million (0.7%).
• Commercial properties accounted for AED76.09 million (1.5%).

Ready Transactions

• Flats contributed AED2.37 billion (66.9% of ready transactions).
• Villas followed with AED704.97 million (19.9%).
• Hotel Apartments & Rooms stood at AED110.63 million (3.1%).
• Commercial properties totaled AED357.27 million (10.1%).

Top Performing Areas by Transaction Value

Off-Plan Sales by Area

The highest transaction volumes in the off-plan segment were recorded in the following areas:

• Wadi Al Safa 5 led with AED390.17 million.
• Business Bay followed closely with AED333.20 million.
• Burj Khalifa saw transactions worth AED302.09 million.
• Al Yufrah 1 and Madinat Al Mataar contributed AED252.12 million and AED245.30 million, respectively.
• Other notable areas include Marsa Dubai, Palm Jumeirah, Jumeirah Village Circle, Bukadra, and Hadaeq Sheikh Mohammed Bin Rashid, each surpassing AED160 million in transactions.

Total off-plan transactions in the top ten areas amounted to AED2.48 billion, accounting for nearly 49.2% of all off-plan sales.

Ready Sales by Area

The ready property market was led by:

• Burj Khalifa, with an impressive AED485.68 million in transactions.
• Business Bay, at AED289.20 million.
• Jumeirah Village Circle and Dubai Marina, with AED214.24 million and AED212.00 million, respectively.
• Other significant contributors included Palm Jumeirah, Jumeirah Lakes Towers, Dubai Creek Harbour, Blue Waters, Emirates Living, and Al Furjan.

Total transactions in the top ten areas for ready properties stood at AED1.85 billion, representing 52.3% of all ready property transactions.

Market Insights and Trends

1. Off-Plan Sales Maintain Dominance: With 58.7% of transactions, off-plan sales continue to attract investors, reflecting confidence in future developments and long-term returns.
2. Ready Properties Hold Strong in Key Areas: While off-plan transactions led the market, ready properties in prime locations such as Burj Khalifa and Business Bay demonstrated robust activity, indicating sustained demand for immediate occupancy assets.
3. Significant Weekly Decline: The overall transaction volume dropped from AED10.3 billion to AED8.58 billion, highlighting potential market fluctuations or investor hesitancy.
4. Luxury and Prime Locations Drive Sales: Areas like Burj Khalifa, Business Bay, and Palm Jumeirah remained hotspots, reinforcing Dubai’s position as a high-value real estate hub.

Conclusion

Despite the decline in total transaction value compared to the previous week, Dubai’s real estate market remains resilient. The strong performance of off-plan sales signals continued investor interest in upcoming projects, while the ready property segment thrives in prime locations. Moving forward, monitoring investor sentiment and market conditions will be key to assessing future trends in transaction volumes and property values.