- April 17, 2026
- 2
- News&Media
On 10th December 2024, the total real estate transactions in Dubai amounted to AED 1,281,204,607, showcasing the city’s dynamic and diverse property market. Below is a detailed analysis of the contributions of off-plan and ready properties, along with their respective sub-categories.
1. Off-Plan Properties
The total value of off-plan property transactions stood at AED 637,955,635, accounting for 49.8% of the overall transactions for the day. The breakdown of contributions from sub-categories to the off-plan market is as follows:
- Flats: AED 474,056,275 (74.3% of off-plan transactions)
- Villas: AED 148,299,238 (23.3% of off-plan transactions)
- Hotel Apartments & Rooms: AED 8,877,427 (1.4% of off-plan transactions)
- Commercial Units: AED 6,722,695 (1.1% of off-plan transactions)
The off-plan market was dominated by flats, contributing a substantial share, reflecting robust investor interest in new residential developments.
2. Ready Properties
Ready property transactions totaled AED 643,248,972, making up 50.2% of the total transactions for the day. Contributions from sub-categories to the ready market include:
- Flats: AED 423,011,154 (65.8% of ready transactions)
- Villas: AED 119,346,789 (18.6% of ready transactions)
- Hotel Apartments & Rooms: AED 40,641,549 (6.3% of ready transactions)
- Commercial Units: AED 60,249,480 (9.4% of ready transactions)
Flats also dominated the ready market, highlighting the continued demand for immediately available residential units.
Key Insights
- The market was nearly evenly split between off-plan (49.8%) and ready properties (50.2%), demonstrating balanced investor interest in both newly launched and completed properties.
- In both categories, flats emerged as the most significant contributors, reflecting their popularity among buyers and investors.
- Villas in both off-plan (23.3%) and ready (18.6%) segments also demonstrated strong performance, indicative of sustained demand for larger, family-oriented living spaces.
- Hotel apartments, rooms, and commercial units contributed smaller shares, signaling niche but steady interest in these segments.
Conclusion
Dubai’s real estate market continues to thrive with balanced activity across off-plan and ready properties. The dominance of flats across both categories underscores their appeal, while the strong performance of villas indicates healthy demand for luxury and family living. With AED 1.28 billion in transactions on a single day, the market reaffirms Dubai’s position as a global property investment hotspot.
Dubai Real Estate Market Review 11-Dec-2024
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