Dubai Real Estate Market Review

Abu Dhabi’s prime areas see 25% growth in Q3 2024. This luxury villa community offers 327 units, with prices starting at Dh17.5 million. Al Ain continues to experience rental growth amid strong demand.

Al Zarooni Group expands real estate portfolio

Al Zarooni Group launched All Seasons Residence in Dubai Sports City, part of a Dh3 billion expansion with three more projects planned for 2025. The development will feature 244 units, ready in December 2027, enhancing DSC’s community-centric sports and residential lifestyle. Prices start at Dh590,000.

UAE real estate: Dubai delivers 8,100 homes, Abu Dhabi’s prime areas see 25% growth in Q3 2024

Strong demand, strategic development, and supportive government initiatives are driving the positive momentum in both residential and commercial sectors

Dubai’s new $1 billion project to meet demand for luxury properties

H&H Development launched the $1 billion Eden Hills project in Dubai, targeting high net worth individuals. The luxury villa community offers 327 units, with prices starting at Dh17.5 million. The first phase, featuring 104 villas, is expected to complete by Q4 2027, amidst high luxury property demand.

IGO & Evolutions launch Pelagos, the latest residential project in Dubai Marina

IGO, in partnership with Evolutions, launched Pelagos by IGO, a residential development in Dubai Marina with 288 waterfront units. The project features multiple payment plans and is set for completion in Q1 2026. It offers various amenities, including a gym and pool, and is located near Dubai Marina Mall.

Dubai’s real estate market surges with investor-friendly policies and RERA regulations

Dubai’s real estate market attracts global interest with investor-friendly policies, regulatory support from RERA, and relaxed ownership laws. Offering luxury and affordability, Dubai has become a magnet for international buyers, particularly in areas like Dubai South, positioning itself as a leading destination for secure, high-yield investments.

Robust performance in UAE real estate market in Q3: Asteco

Asteco’s Q3 2024 report shows UAE property market growth, driven by new developments in Abu Dhabi, increased activity in Dubai, and rising rental rates across the Northern Emirates. Dubai’s off-plan demand is high, Abu Dhabi saw 1,850 transactions, and Al Ain continues to experience rental growth amid strong demand.

It’s time European investors capitalized on Dubai’s green investment opportunities

David von Rosen urges European investors to reconsider Dubai for sustainable investments, particularly in real estate and tech. With strong ESG commitments, Dubai’s sectors are poised for growth, presenting opportunities missed by Europeans but embraced by UK and US investors. Dubai’s non-oil industries offer promising, responsibility-driven investments.

MS Homes Developers: Crafting Luxurious Waterfront Living In Dubai

MS Homes Developers, led by Mohsin Sheikhani, brings luxury waterfront properties to Dubai, drawing from extensive experience in Pakistan. Focused on Dubai Island, the company offers high-end residences featuring private pools and fully-equipped kitchens. MS Homes emphasizes quality, timely delivery, and investor-friendly payment plans, catering to global clients seeking sophisticated urban living.

Sharjah achieves highest monthly real estate transactions volume at $1.19bln during October

Sharjah’s real estate market reached AED 4.4 billion in October 2024, with 4,883 transactions across 14 million square feet. Sales accounted for 1,415 transactions, led by Muwailih Commercial area. Mortgage transactions totaled AED 1.3 billion. Al Mamzar recorded the highest land deal at AED 62 million.

Dubai Real Estate Transactions as Reported on the 14th of November 2024

Dubai’s real estate market experienced significant activity on 14 November 2024, with a total transaction value reaching AED 1.88 billion. This report provides an in-depth look at the contributions of both off-plan and ready properties, with a breakdown of sub-categories, offering insights into the evolving dynamics of Dubai’s real estate sector.

Total Market Snapshot

The total real estate transactions on 14 November 2024 amounted to AED 1,880,790,028, with Off-Plan properties contributing 55.9% and Ready properties making up the remaining 44.1%. This indicates a continued strong demand for new developments, with buyers eager to invest in Dubai’s upcoming projects while also demonstrating substantial interest in ready-to-occupy properties.

Off-Plan Properties: A Detailed Breakdown

Off-plan transactions accounted for a total of AED 1,052,064,786, representing 55.9% of the total transactions. The breakdown within the off-plan segment was as follows:

Flats contributed the most, with AED 860,365,500, making up 81.8% of the off-plan category. This highlights the growing demand for apartments in new developments, driven by competitive pricing and modern amenities.

Villas contributed AED 154,719,094, accounting for 14.7% of the off-plan total, reflecting a sustained interest in spacious and luxurious living options.

Hotel Apartments & Rooms recorded AED 26,957,446, making up 2.6% of the off-plan transactions, indicating continued investor interest in properties catering to Dubai’s tourism and hospitality sector.

Commercial Properties contributed AED 10,022,746, representing 1.0% of the off-plan total, which suggests that commercial properties are a smaller segment compared to residential units in the off-plan market.

Ready Properties: A Closer Look

The ready property segment saw total transactions of AED 828,725,242, accounting for 44.1% of the day’s transactions. The contributions of various sub-categories are as follows:

Flats contributed AED 479,388,576, representing 57.9% of the ready property total, indicating strong demand for ready-to-move-in apartments, which are popular among both investors and end-users looking for immediate occupancy.

Villas accounted for AED 184,322,535, making up 22.2% of the ready property market, showcasing the appeal of ready villas for families seeking a luxurious lifestyle.

Hotel Apartments & Rooms recorded AED 21,863,136, contributing 2.6% to the ready segment, reflecting steady interest in hospitality-related properties.

Commercial Properties contributed AED 143,150,995, accounting for 17.3% of the ready property total, indicating a notable interest in commercial spaces that are immediately available for business use.

Conclusion

The real estate transactions on 14 November 2024 demonstrate a strong demand for both off-plan and ready properties in Dubai, with 55.9% of transactions directed towards off-plan projects. This reflects the confidence investors have in Dubai’s future developments, fueled by attractive payment plans and the potential for capital appreciation. Meanwhile, 44.1% of transactions for ready properties highlight a significant interest in properties that offer immediate occupancy or rental income.
Within both categories, flats remained the dominant type of property, with a substantial share in both off-plan and ready segments. This trend underscores the preference for apartment living, driven by the convenience and amenities offered in Dubai’s urban areas. Villas also maintained a considerable share, indicating continued interest in spacious and upscale residences. Commercial properties and hotel apartments had a smaller but notable presence, reflecting a balanced market catering to diverse needs.
The data from 14 November 2024 provides a clear indication of Dubai’s evolving real estate market, characterized by a mix of demand for modern off-plan projects and ready-to-move-in properties, catering to a wide range of buyers and investors. This balance underscores Dubai’s position as a vibrant and dynamic global real estate hub.