Dubai Real Estate Weekly Market Analysis 27-Jan-2025

The total real estate transactions in Dubai for Week 3 reached AED 7.39, a 5% increase over last week’s AED 7 billion. Off-plan contributed 55.7%, while Ready properties contributed 44.3%.

The total real estate transactions for Week 4 amounted to AED 7.39 billion, showing an increase compared to the previous week’s total of AED 7 billion. This growth reflects heightened activity across both off-plan and ready property markets.

Breakdown of Transactions

1. Contribution of Off-Plan and Ready Properties:

• Off-Plan Properties: AED 4.12 billion, contributing 55.7% to the total weekly transactions.
• Ready Properties: AED 3.27 billion, contributing 44.3% to the total weekly transactions.

This demonstrates that off-plan properties maintained a higher share of the market, reflecting sustained interest in upcoming projects.

2. Category Analysis:

Off-Plan Properties:

• Flats: AED 3.26 billion (79.1%)
• Villas: AED 782.0 million (19.0%)
• Hotel Apartments & Rooms: AED 26.3 million (0.6%)
• Commercial Properties: AED 49.7 million (1.2%)

The dominance of flats within the off-plan segment highlights their continued appeal, driven by both affordability and availability in high-demand locations.

Ready Properties:

• Flats: AED 2.21 billion (67.4%)
• Villas: AED 569.3 million (17.4%)
• Hotel Apartments & Rooms: AED 244.0 million (7.4%)
• Commercial Properties: AED 254.3 million (7.8%)

Flats also lead the ready property market, with significant activity in prime areas contributing to the segment’s strong performance.

Key Areas of Activity

Off-Plan Properties:

• Wadi Al Safa 5: AED 376.0 million (9.1%)
• Business Bay: AED 282.3 million (6.9%)
• Burj Khalifa: AED 238.2 million (5.8%)
• Dubai South: AED 226.4 million (5.5%)
• Jumeirah Village Circle: AED 205.5 million (5.0%)

Other active areas include Madinat Al Mataar and Dubai Maritime City, reflecting a diverse distribution of investments across Dubai’s developing hubs.

Ready Properties:

• Burj Khalifa: AED 274.1 million (8.4%)
• Dubai Marina: AED 256.7 million (7.8%)
• Palm Jumeirah: AED 247.1 million (7.5%)
• Jumeirah Lakes Towers: AED 243.1 million (7.4%)
• Business Bay: AED 192.4 million (5.9%)

Established communities like Dubai Marina and Palm Jumeirah continue to attract premium transactions, underscoring their sustained desirability among investors.

Comparison to Previous Week:

• Total transactions increased by approximately AED 390 million (+5.6%) compared to Week 3.
• Off-plan transactions saw a larger share of growth, reinforcing confidence in Dubai’s upcoming developments.

Conclusion

Week 4 saw robust activity across the Dubai real estate market, with off-plan properties leading the charge. Flats remained the dominant category in both segments, while key areas like Burj Khalifa, Dubai Marina, and Wadi Al Safa 5 emerged as top contributors. The continued growth highlights Dubai’s appeal as a global investment hub, with diverse opportunities across new and established communities.