- April 16, 2026
- 1
- News&Media
Land transactions in Oct. 2024 was 37.5% of the total transactions. The market saw an increase of approximately AED16.8 billion from Sep 2024 to Oct. 2024, and up AED 20 billion over Oct. 2023.
The Dubai real estate market in October 2024 achieved an impressive total transaction value of AED 74.1 billion, marking a strong performance. This reflects a substantial increase compared to both the previous month (September 2024), which recorded AED 57.2 billion, representing a month-over-month growth of around 29.5%. Compared to October 2023, when the total transaction value stood at AED 53.8 billion, October 2024 shows a year-over-year growth of approximately 37.8%. These figures underscore a robust upward trend in the market, likely driven by heightened demand and investor confidence.
Breakdown by Property Type
- Off-Plan Properties
- Total Value: AED 27.8 billion
- Flat: AED 20.5 billion
- Villa: AED 6.9 billion
- Hotel Apartments & Rooms: AED 173 million
- Shops & Offices: AED 180 million
Off-plan properties continue to attract strong interest, with flats leading the sector, contributing AED 20.5 billion to the total off-plan value. Villas also recorded substantial sales at AED 6.9 billion, while hotel apartments and commercial units added diversification to the investment portfolio in this segment.
- Ready Properties
- Total Value: AED 18.6 billion
- Flat: AED 12.9 billion
- Villa: AED 2.6 billion
- Hotel Apartments & Rooms: AED 1.9 billion
- Shops & Offices: AED 1.2 billion
The ready property market displayed consistent demand, with flats comprising the largest portion of sales at AED 12.9 billion. Villas, hotel apartments, and commercial units also contributed notable values, showing balanced demand across residential and commercial ready properties.
- Land
- The total transaction value for land was AED 27.8 billion, indicating significant investor interest in land assets. This segment’s high value highlights confidence in long-term property development potential in Dubai.
Top Areas by Number of Transactions and Value Traded
Off-Plan Segment
- Top 10 by Number of Transactions: Madinat Al Mataar led with 1,056 transactions, followed by Jumeirah Village Circle (987) and Dubai Investment Park Second (795). These areas showcase strong activity, particularly for residential and mixed-use developments.
- Top 10 by Value: Dubai Investment Park Second topped the list with AED 2.29 billion, followed closely by Madinat Al Mataar at AED 2.15 billion. Other high-value areas included Hadaeq Sheikh MBR (AED 1.85 billion) and Business Bay (AED 1.33 billion), highlighting strategic locations that attract high-value transactions.
Ready Segment
- Top 10 by Number of Transactions: Jumeirah Village Circle witnessed the highest number of transactions (1,135), followed by Business Bay (774) and Dubai Marina (539). These areas are popular among both investors and end-users, indicating sustained demand for ready properties in established communities.
- Top 10 by Value: Burj Khalifa led the market with a staggering AED 3.27 billion in transaction value, reflecting the iconic appeal of this location. Business Bay followed with AED 1.87 billion, and Palm Jumeirah registered AED 1.79 billion in transactions, underscoring the desirability of luxury properties and prime real estate in Dubai’s high-value areas.
Conclusion
The October 2024 real estate market demonstrated strong performance, with significant growth over both the previous month and year. The high transaction values across off-plan, ready, and land segments reflect a vibrant market driven by diverse investor demand. The continued interest in areas like Jumeirah Village Circle, Business Bay, and Dubai Marina for both transactions and value highlights these locations as key real estate hotspots in Dubai. The record-high values for iconic locations such as Burj Khalifa and Palm Jumeirah further reinforce Dubai’s position as a premier investment destination in the global real estate market.
