Dubai’s real estate sector witnessed transactions totaling AED 1,129,095,379 on January 6, 2024. This robust activity reflects the continued dynamism of the market, characterized by a strong performance in both off-plan and ready properties.

Category Contributions to Total Transactions

• Off-Plan Properties accounted for 55.2% of the total transactions, amounting to AED 623,946,601.
• Ready Properties contributed 44.8%, with a total of AED 505,148,778.

Breakdown of Off-Plan Transactions

Off-plan properties dominated the day’s transactions, with significant contributions across sub-categories:

1. Flats: AED 434,353,415 (69.6% of the off-plan total).
2. Villas: AED 157,565,748 (25.3% of the off-plan total).
3. Commercial Properties: AED 32,027,437 (5.1% of the off-plan total).

Breakdown of Ready Transactions

Ready properties showcased a balanced distribution among sub-categories:

1. Flats: AED 343,624,989 (68.0% of the ready total).
2. Villas: AED 100,429,293 (19.9% of the ready total).
3. Hotel Apartments & Rooms: AED 30,432,192 (6.0% of the ready total).
4. Commercial Properties: AED 30,662,304 (6.1% of the ready total).

Key Insights

• Off-Plan Market Strength: Flats dominate off-plan transactions, representing nearly 70% of the segment, showcasing investor confidence in upcoming developments. Villas also hold substantial interest, underlining demand for upscale off-plan residences.
• Ready Market Diversification: Ready flats contributed the highest share (68%) within the segment, reflecting the popularity of move-in-ready units. The balanced contribution from other categories highlights the broad appeal of Dubai’s ready property market.

Market Implications

The near-equal split between off-plan and ready properties illustrates a diversified real estate market catering to a variety of buyer preferences. The strong performance of off-plan flats and ready flats indicates sustained interest in both future projects and immediate possession properties.

Dubai’s real estate market continues to attract investors with its comprehensive range of options, from luxurious villas to commercial spaces and ready-to-occupy flats. The transaction figures for January 6, 2024, are a testament to the emirate’s robust market fundamentals and investor-friendly environment.

The UAE’s real estate sector demonstrated remarkable growth in 2024, with the total transaction value reaching AED 665.4 billion, a significant 20% increase from AED 554.95 billion in 2023. This performance reflects the dynamic nature of the market, with strong contributions from both off-plan and ready property transactions, as well as land investments.

Off-Plan Market Performance

The off-plan segment accounted for AED 229.26 billion, representing a significant share of the total market. Within this category:

• Flats dominated transactions, contributing AED 182.01 billion.
• Villas followed with a total of AED 41.95 billion.
• Commercial properties, such as hotel apartments and rooms, and shops and offices, added AED 2.49 billion and AED 2.81 billion, respectively.

These figures highlight the ongoing demand for off-plan properties, driven by attractive pricing strategies, flexible payment plans, and investor confidence in the UAE’s future growth.

Ready Market Transactions

The ready property segment contributed AED 164.80 billion to the total market. Key highlights include:

• Flats leading this category with AED 112.86 billion.
• Villas contributing AED 27.86 billion.
• Hotel apartments and rooms, a growing category, added AED 29.78 billion.
• Shops and offices contributed AED 11.54 billion.

The ready segment remains essential for buyers seeking immediate possession or rental income, reflecting robust demand across diverse property types.

Land Transactions

Land investments made up a substantial portion of the market, totaling AED 271.34 billion. This segment underlines the strategic importance of land in the UAE’s development plans, catering to large-scale infrastructure projects, mixed-use developments, and commercial expansion.

Year-on-Year Growth

The 20% year-on-year growth from 2023 underscores the resilience and vitality of the UAE’s real estate market. This surge can be attributed to several factors, including economic recovery post-pandemic, government initiatives promoting investment, and the attractiveness of the UAE as a global business and lifestyle hub.

Sector Analysis

1. Residential Properties: Flats and villas continue to dominate both off-plan and ready markets, reflecting strong demand from end-users and investors. The focus on affordable and luxury housing meets diverse consumer needs.
2. Commercial Properties: The steady growth in hotel apartments, shops, and offices signals increased activity in hospitality and retail sectors, driven by tourism and business expansion.
3. Land: With the highest contribution, the land segment reinforces the long-term confidence in UAE’s real estate market and its role in driving economic diversification.

Conclusion

The UAE’s real estate market in 2024 showcases robust growth, driven by strategic investments and demand across residential, commercial, and land segments. Off-plan properties remain a significant growth driver, while ready properties cater to immediate housing needs. The increase in land transactions highlights the nation’s infrastructure and urban development focus. Overall, the sector’s performance reflects investor confidence, favorable government policies, and the UAE’s position as a global economic and real estate hub. The outlook remains positive, with the market poised for further growth in the coming years.

Dubai Marina, one of Dubai’s most iconic neighborhoods, offers a lifestyle that blends urban sophistication with waterfront tranquility. Whether you’re considering living here or investing, this post will guide you through the history, lifestyle, advantages, and disadvantages of Dubai Marina.

A Brief History of Dubai Marina

Dubai Marina was envisioned in the early 2000s as part of Dubai’s ambitious plan to create world-class residential and commercial hubs. Developed by Emaar Properties, it is a man-made canal city stretching over 3 kilometers along the Arabian Gulf shoreline. The area boasts over 200 high-rise buildings, including luxury apartments, hotels, and commercial spaces, making it one of the most sought-after neighborhoods in Dubai.

The Marina Walk, a vibrant promenade filled with restaurants and retail outlets, and the Dubai Marina Yacht Club have become landmarks that define this community’s unique character. Let’s not forget Dubai Marina Mall, located in the heart of Dubai Marina, it’s a short walk from most buildings.

Pros of Living in Dubai Marina

Dubai Marina is strategically located near Sheikh Zayed Road, providing easy access to major business hubs like Dubai Media City, Internet City, and Jumeirah Lake Towers. It’s also just a short drive from popular attractions like Palm Jumeirah and Mall of the Emirates.

2. Waterfront Living

Living by the water has its charm, and Dubai Marina offers stunning views of the marina and the Persian Gulf. The canal’s serene waters add to the neighborhood’s allure, creating a peaceful atmosphere amid urban life.

3. Amenities and Lifestyle

• Dining and Shopping: Dubai Marina is home to an array of high-end restaurants, cafes, and shopping outlets, including Marina Mall.
• Fitness and Recreation: Gyms, spas, and outdoor activities like jogging or cycling along the Marina Walk are abundant.
• Proximity to Beaches: Residents can easily access JBR Beach and other pristine shoreline spots.

4. Public Transport Accessibility

The neighborhood is well-served by public transport, including the Dubai Metro and the Dubai Tram, making it convenient for residents without cars.

5. Diverse Community

Dubai Marina attracts expats and locals alike, creating a vibrant and cosmopolitan community. It’s ideal for singles, couples, and families.

Cons of Living in Dubai Marina

1. Traffic Congestion

While the location is excellent, Dubai Marina is known for its traffic, especially during peak hours. Navigating its narrow roads can be challenging.

2. Higher Cost of Living

The luxury lifestyle comes with a price. Rent and property prices in Dubai Marina are among the highest in Dubai, and dining or entertainment in the area can be costly.

3. Noise Levels

The bustling nightlife and constant activity in the area can lead to higher noise levels, particularly if you live near the main roads or entertainment hubs.

4. Limited Green Spaces

While Dubai Marina offers waterfront views and promenade walks, it lacks extensive green parks compared to other neighborhoods like Emirates Living or Arabian Ranches.

Lifestyle in Dubai Marina

Dubai Marina’s lifestyle is a blend of luxury and convenience. Whether it’s dining at a Michelin-star restaurant, taking a sunset cruise, or attending vibrant events, there’s always something to do. The neighborhood’s cosmopolitan vibe appeals to professionals and families seeking a dynamic yet comfortable environment.

Conclusion

Dubai Marina stands out as a premier destination for those seeking a blend of urban convenience and waterfront luxury. Its strategic location, vibrant lifestyle, and world-class amenities make it a top choice for residents and investors alike. However, potential downsides like traffic and cost should be carefully considered.

If you’re planning to move to Dubai Marina or invest in property, understanding its unique features will help you make an informed decision.

The total real estate transactions in Dubai on January 2, 2025, reached an impressive AED 854,443,249, showcasing the city’s thriving property market. The transactions were divided into two major categories: Off-Plan and Ready properties, each making significant contributions to the overall figures.

Off-Plan Transactions

Total Off-Plan transactions amounted to AED 195,042,408, contributing 22.8% to the total transactions. Within the Off-Plan category:

• Flats accounted for AED 152,964,615, making up 78.4% of the Off-Plan total.
• Villas contributed AED 30,115,602, representing 15.4% of Off-Plan transactions.
• Hotel Apartments & Rooms recorded AED 8,000,000, comprising 4.1%.
• Commercial properties added AED 3,962,192, representing a modest 2.0%.

Ready Transactions

The Ready property segment dominated with AED 659,400,841, accounting for 77.2% of the total. Key contributions within this category included:

• Flats were the highest contributor, recording AED 465,084,003, which is 70.5% of the Ready transactions.
• Villas followed with AED 116,270,590, contributing 17.6%.
• Hotel Apartments & Rooms amounted to AED 24,085,626, representing 3.7%.
• Commercial properties achieved AED 53,960,622, comprising 8.2% of Ready transactions.

Key Insights

1. Dominance of Ready Properties
   Ready properties accounted for over three-quarters (77.2%) of the total transactions, reflecting a preference for immediate occupancy and established assets among buyers.
2. Strong Performance of Flats
   Flats dominated both categories, contributing 70.5% of Ready transactions and 78.4% of Off-Plan transactions, emphasizing their widespread appeal in Dubai’s real estate market.
3. Balanced Contributions from Villas
   Villas demonstrated steady performance, contributing 15.4% in the Off-Plan segment and 17.6% in the Ready segment, appealing to families and luxury buyers alike.
4. Emerging Role of Hotel Apartments and Commercial Properties
   Though smaller in volume, Hotel Apartments & Rooms and Commercial properties showed consistent activity, particularly in the Ready category, signaling investor interest in diversified assets.

Conclusion

Dubai’s real estate market continues to thrive, with substantial contributions from both Off-Plan and Ready properties. The robust performance of flats and villas highlights the sustained demand for residential properties, while emerging trends in commercial and hospitality properties indicate diversified investment opportunities. With these trends, Dubai remains a global real estate hub.

The Dubai real estate market closed December 30, 2024, with an impressive total transaction value of AED 2,584,172,203. This figure is a testament to the city’s thriving real estate landscape, driven by robust activity across both off-plan and ready properties.

Off-Plan Properties

Off-plan transactions contributed 72.3% of the total, amounting to AED 1,868,405,828. This highlights the continued strong demand for new developments in Dubai. Breaking down the sub-categories:

• Flats: Dominated the off-plan segment, contributing 84.8% of the total off-plan transactions with a value of AED 1,584,543,553.
• Villas: Represented 11.4% of off-plan transactions, totaling AED 212,101,983.
• Hotel Apartments & Rooms: Recorded AED 7,652,838, a modest 0.4% contribution.
• Commercial: Accounted for 3.4%, with transactions worth AED 64,107,454.

Ready Properties

Ready property transactions comprised 27.7% of the total, valued at AED 715,766,375. This reflects a consistent interest in immediately available properties. The contributions of the sub-categories were as follows:

• Flats: Led the ready market with a 64.6% share, amounting to AED 462,359,657.
• Villas: Accounted for 24.8%, with transactions worth AED 177,635,531.
• Hotel Apartments & Rooms: Contributed 3%, totaling AED 21,685,828.
• Commercial: Made up 7.6%, with a value of AED 54,085,359.

Key Insights

1. Dominance of Off-Plan Transactions: With over 72% of the total, off-plan properties underline Dubai’s appeal as a hub for future-focused investments, driven by ongoing infrastructure and development projects.
2. Flats as a Preferred Choice: Flats led transactions in both off-plan and ready segments, highlighting their accessibility and popularity among buyers.
3. Balanced Market Activity: The ready property market’s 27.7% share reflects a steady demand for move-in-ready homes, catering to immediate housing and investment needs.
4. Growing Interest in Villas: Villas demonstrated significant contributions in both off-plan (11.4%) and ready (24.8%) segments, indicating a rising preference for larger residential spaces.

Conclusion

The robust performance of Dubai’s real estate market on December 30, 2024, underscores the city’s dynamic property sector. The strong off-plan activity reflects investor confidence in Dubai’s long-term growth, while the sustained interest in ready properties indicates a balanced and vibrant market. With its strategic initiatives and continuous development, Dubai remains a global hotspot for real estate investment and lifestyle opportunities.

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.

Foreigners can purchase property in Dubai’s designated freehold areas. The process involves legal requirements, fees, and potential residency visas. Consult official sources for detailed guidelines.

Dubai’s real estate market has long attracted foreign investors due to its strategic location, modern infrastructure, and investor-friendly policies. If you’re a non-resident considering purchasing property in Dubai, it’s essential to understand the legal requirements and procedures involved.

Eligibility for Foreign Ownership

Foreigners, whether residing in Dubai or abroad, are permitted to purchase property within designated freehold areas. These zones, established by Regulation No. 3 of 2006, allow non-UAE nationals to own property outright. The Dubai Land Department (DLD) issues title deeds to foreign owners, ensuring legal recognition of ownership.

Types of Properties Available

Foreign investors can choose from various property types, including:

• Completed Properties: Ready for immediate occupancy or rental.
• Off-Plan Properties: Under construction, often offered at competitive prices.

Legal Requirements and Documentation

To proceed with a property purchase, ensure you have the following:

1. Identification: A valid passport is required. While a UAE ID is used for identification, non-resident foreigners can proceed with just their passport.
2. No Objection Certificate (NOC): For properties in freehold areas, obtain an e-NOC from the developer via the Dubai REST App.
3. Proof of Funds: Evidence of financial capability to complete the purchase.
4. Sale Agreement: A contract outlining the terms between buyer and seller.
5. Mortgage Pre-Approval: If financing the purchase, secure pre-approval from a bank.

Property Registration Process

Once you’ve selected a property and agreed on terms:

1. Sign the Sale Agreement: Both parties formalize the agreement.
2. Obtain the NOC: The seller secures this from the developer, confirming no outstanding obligations.
3. Transfer Ownership at DLD: Both parties visit a DLD office or an authorized center to transfer ownership. The buyer pays the required fees, and the title deed is issued in their name.

Fees and Costs

Be prepared for additional expenses:

• DLD Registration Fee: Typically 4% of the property’s purchase price.
• Administrative Fees: Approximately AED 5,000, varying based on the property’s value.
• Mortgage Registration Fee: If applicable, 0.25% of the loan amount.

Financing Options for Non-Residents

Several banks in Dubai offer mortgage services to non-residents. While terms vary, common requirements include:

• Down Payment: Generally 20-25% of the property’s value.
• Proof of Income: Demonstrating the ability to repay the loan.
• Age Limit: Usually between 21 and 65 years at the loan’s maturity.

Residency Visas Linked to Property Investment

Investing in Dubai real estate can also provide residency benefits:

• 3-Year Investor Visa: Available for properties valued at AED 750,000 or more.
• 5-Year Investor Visa: For properties worth AED 2 million or more. u.ae
• 10-Year Golden Visa: For investments of AED 2 million and above, with additional criteria.

Key Considerations

• Due Diligence: Verify the developer’s reputation and the property’s legal status.
• Legal Assistance: Engage a lawyer specializing in UAE real estate to navigate the process.
• Inheritance Planning: Consider drafting a will to ensure your property’s succession aligns with your wishes.

Conclusion

Purchasing property in Dubai as a foreigner is a structured process with clear guidelines. By understanding the legal requirements and engaging with reputable professionals, you can make informed decisions and capitalize on Dubai’s dynamic real estate market.

Dubai’s real estate market demonstrated robust activity on December 26, 2024, with total transactions amounting to AED 1.38 billion. These transactions were almost evenly split between Off-Plan and Ready properties, highlighting the city’s dynamic real estate offerings.

Key Highlights

• Off-Plan vs. Ready Properties Contribution
• Off-Plan Properties accounted for 48.9% of the total transactions, registering a value of AED 674.1 million.
• Ready Properties contributed 51.1%, with a total value of AED 703.7 million.Sub-Category Breakdown
  • Off-Plan Properties:
    • Flats were the dominant sub-category, contributing 86.8% (AED 584.9 million) to the Off-Plan total.
    • Villas contributed 3.6% (AED 24.6 million).
    • Hotel Apartments & Rooms and Commercial Spaces added 0.5% (AED 3.2 million) and 9.1% (AED 61.4 million), respectively.
  • Ready Properties:
    • Flats also led the Ready category, contributing 69.3% (AED 488.0 million).
    • Commercial Spaces were the second-largest contributor at 17.1% (AED 120.7 million).
    • Villas accounted for 9.9% (AED 69.4 million).
    • Hotel Apartments & Rooms contributed 3.6% (AED 25.6 million).

Analysis

• Flats remain the cornerstone of Dubai’s real estate market, driving the majority of transactions in both Off-Plan and Ready categories. Their combined total was an impressive AED 1.07 billion, making up 77.8% of all property transactions for the day.
• The notable contribution of Commercial Spaces in Ready transactions (17.1%) reflects a growing demand for business premises, which could signify increased investor confidence in Dubai’s economic landscape.
• Villas, while having a smaller share, showed a stronger presence in the Ready category than Off-Plan, indicating a preference for immediate occupancy or investment-ready properties.

Conclusion

Dubai’s real estate market on December 26, 2024, exhibited a healthy balance between Off-Plan and Ready property transactions, demonstrating the city’s ability to cater to diverse buyer preferences. With Flats dominating both categories, and a steady interest in Commercial Spaces and Villas, the market continues to showcase its resilience and appeal to a global audience.

Real Estate Blockchain Use Cases With Example From Dubai

Blockchain is transforming Dubai’s real estate with smart contracts, tokenization, and decentralized identity solutions. It enhances transparency, speeds transactions, enables fractional ownership, and promotes sustainable practices. By reducing costs, improving security, and fostering global investment, blockchain is revolutionizing property management and reshaping the market for a more efficient, inclusive future.

Dubai real estate market: 5 trends investors need to know in 2025

Dubai’s real estate market is poised for strong growth in 2025, driven by rising property values, rental demand, luxury developments, and investor confidence. Key trends include rental surges, luxury property expansion, PropTech innovation, sustainable building practices, and attractive yields. With supportive government policies and affordability, Dubai remains a global investment hotspot.

Ras Al Khaimah property market seen growing in 4 years; nine-month period witnesses 70% leap

Ras Al Khaimah’s real estate market has surged by 70% since 2020, driven by luxury affordability, eco-friendly homes, and entertainment developments like Wynn Resort. With strong rental demand, high ROI (15%), and strategic investments, the emirate is emerging as a dynamic, high-growth destination for investors and residents in the UAE.

Dubai Real Estate Market: Looking into the future as we approach 2025

Dubai’s real estate market is set for sustainable growth in 2025, driven by advanced infrastructure, diverse projects, and government initiatives like Golden Visas. Enhanced investment laws, rising property values, and strong demand from international investors and residents ensure a promising upward trend, cementing Dubai’s position as a global real estate hub.

Competitive Pricing, Impressive Growth: Real Estate Factors That Make Dubai More Attractive Than Global Cities

Dubai’s real estate market continues to thrive, with 35% growth in 2024 and transaction values reaching AED 500 billion. Offering superior investment value compared to global cities like Tokyo and London, Dubai’s dynamic market, strategic location, tax benefits, and ambitious government initiatives solidify its position as a leading global real estate destination.

Dubai tenant seeks action against villa owner’s eviction threat

If your landlord seeks to evict you for personal use of the property, they must notify you through a Notary Public or registered post at least 12 months before the eviction date, per Dubai’s rental laws. If the real estate office refuses to renew your lease, you can file an application for “Offer and Deposit” at the Rental Dispute Centre to seek legal resolution and request a provisional judge to enforce the renewal.

Sheikh Hamdan forms interim steering committee to oversee transfer of commercial control operations in Dubai

Dubai has announced Executive Council Resolution No. (99) of 2024, forming a Steering Committee to oversee the transfer of commercial control operations to the Dubai Corporation for Consumer Protection and Fair Trade. The committee will streamline processes, coordinate regulatory efforts, resolve disputes, and monitor implementation to enhance market oversight.

Saudi Arabia’s construction market to exceed $90 billion by 2029

Saudi Arabia’s real estate market, fueled by Vision 2030. The market is currently valued at $70.33 billion and is set for robust growth, especially in Riyadh. Key drivers include megaprojects, hotel investments rising 30% by 2025, booming residential and office demand, and sustainability-focused initiatives. Major events like Expo 2030 and World Cup 2034 will further propel expansion.

The Dubai real estate market witnessed robust activity on December 25, 2024, with total transactions amounting to an impressive AED 1.31 billion. The transactions were divided between off-plan and ready properties, reflecting a balanced and dynamic market landscape. Below is a detailed breakdown and analysis of the performance of each category and its sub-categories.

Overview of Total Transactions

• Off-Plan Properties:
  • Total transactions in this category amounted to AED 662.38 million, contributing 50.4% to the overall market total.
• Ready Properties:
  • Total transactions in this segment reached AED 652.02 million, representing 49.6% of the total transactions.

The near-equal contribution of both categories highlights a diverse demand from investors and end-users, balancing long-term investment interests with immediate property needs.

Breakdown of Off-Plan Transactions (50.4% of Total)

The off-plan category saw significant activity across various sub-categories:

• Flats: AED 579.69 million (87.5% of off-plan transactions)
  Flats dominated the off-plan segment, highlighting a strong preference for affordable and future-oriented residential units.
• Villas: AED 57.23 million (8.6% of off-plan transactions)
  Villas remained a niche but consistent choice, appealing to buyers seeking luxury living spaces.
• Hotel Apartments & Rooms: AED 8.87 million (1.3% of off-plan transactions)
  Investment in hospitality assets continued modestly, indicating cautious optimism in this segment.
• Commercial Properties: AED 16.60 million (2.5% of off-plan transactions)
  Commercial properties demonstrated a minor but steady interest from investors.

Breakdown of Ready Transactions (49.6% of Total)

Ready properties closely mirrored the off-plan segment in terms of total value, with notable trends:

• Flats: AED 459.09 million (70.4% of ready transactions)
  Flats led this category as well, driven by immediate demand for completed residential units.
• Villas: AED 97.29 million (14.9% of ready transactions)
  Villas showed strong performance, reflecting demand from high-net-worth individuals and families.
• Hotel Apartments & Rooms: AED 51.73 million (7.9% of ready transactions)
  This segment saw healthy traction, signaling investor confidence in Dubai’s hospitality market.
• Commercial Properties: AED 43.91 million (6.7% of ready transactions)
  Steady investments in commercial assets underscored the city’s business-friendly environment.

Key Takeaways

1. Balanced Market Dynamics: The almost equal split between off-plan (50.4%) and ready (49.6%) transactions demonstrates balanced investor and end-user interest.
2. Flats Dominate: Across both categories, flats accounted for the lion’s share of transactions, signaling strong demand for affordable and functional housing solutions.
3. Emerging Trends in Villas: Villas captured significant attention, indicating a growing appetite for upscale and spacious living options.
4. Hospitality Investments: The consistent activity in hotel apartments and rooms reflects confidence in Dubai’s tourism and hospitality sector.

Conclusion

The December 25, 2024, transactions highlight a vibrant and diversified real estate market in Dubai. The equal emphasis on off-plan and ready properties, coupled with the dominance of flats and notable villa activity, paints a positive picture of investor confidence and end-user demand. With such dynamic trends, Dubai continues to solidify its position as a global real estate hub.

On December 23, 2024, Dubai recorded an impressive total of AED 1,885,682,855 in real estate transactions. This total was split into two major categories: Off-Plan Properties and Ready Properties. Here is a detailed breakdown and analysis of the contributions of these categories and their respective subcategories.

Off-Plan Properties:

Off-Plan transactions accounted for a substantial 65.2% of the total real estate transactions, amounting to AED 1,228,644,842. The subcategories of Off-Plan properties contributed as follows:

• Flats:
• Transaction Value: AED 1,147,505,586
• • Contribution to Off-Plan Total: 93.4%
• Villas:
  • Transaction Value: AED 55,112,956
  • Contribution to Off-Plan Total: 4.5%
• Hotel Apartments & Rooms:
  • Transaction Value: AED 5,471,019
  • Contribution to Off-Plan Total: 0.4%
• Commercial Properties:
  • Transaction Value: AED 20,555,280
  • Contribution to Off-Plan Total: 1.7%

Off-Plan Flats dominated this category, representing a massive share of over 93%, showcasing sustained interest in residential units under development.

Ready Properties:

Ready transactions made up the remaining 34.8% of the total, amounting to AED 657,038,014. Here is the breakdown of contributions from the subcategories:

• Flats:
  • Transaction Value: AED 422,575,836
  • Contribution to Ready Total: 64.3%
• Villas:
  • Transaction Value: AED 163,583,666
  • Contribution to Ready Total: 24.9%
• Hotel Apartments & Rooms:
  • Transaction Value: AED 29,756,628
  • Contribution to Ready Total: 4.5%
• Commercial Properties:
  • Transaction Value: AED 6,082,946
  • Contribution to Ready Total: 0.9%

Ready Flats emerged as the leader in this category, contributing significantly to the overall transactions with over 64% of the total Ready Property value.

Key Insights:

• Off-Plan Dominance:
  • The majority of the transactions came from Off-Plan properties, reflecting strong investor confidence in Dubai’s upcoming developments and the appeal of flexible payment plans.
  • Flats were the standout performers, dominating both Off-Plan and overall transactions.
• Steady Demand for Ready Properties:
  • While Off-Plan dominated, Ready properties still accounted for a substantial share, driven primarily by Flats and Villas.
  • Ready Villas, contributing nearly a quarter of the Ready total, demonstrated a continued preference for family-oriented housing.
• Niche Segments:
  • Hotel Apartments & Rooms and Commercial properties in both categories had a smaller share but remain attractive for specific investor groups seeking rental yields and business opportunities.

Conclusion:

Dubai’s real estate market continues to showcase resilience and vibrancy, with strong activity across both Off-Plan and Ready properties. Flats lead the market in both categories, emphasizing the city’s appeal to investors and end-users seeking high-quality urban living. With continued investment in infrastructure and community development, Dubai remains a top destination for real estate investment.