On February 10, 2024, Dubai’s real estate sector recorded total transactions worth AED 2.38 billion, reflecting the continued strength and investor confidence in the market. The transactions were divided between off-plan and ready properties, with off-plan properties contributing 60.6% (AED 1.44 billion) and ready properties accounting for 39.4% (AED 935 million). The dominance of off-plan transactions indicates sustained demand for upcoming developments, while the ready property market remains resilient with significant transaction volumes.

Off-Plan Transactions Breakdown

Off-plan properties contributed the largest share of the total transactions at 60.6%, with flats leading the segment at AED 946.46 million, representing 65.7% of total off-plan sales. This highlights the strong preference for apartment investments in Dubai’s upcoming projects.

• Villas followed, contributing AED 477.82 million (33.2% of off-plan transactions), showcasing the ongoing appeal of villa communities in off-plan developments.
• Hotel Apartments & Rooms recorded AED 6.33 million, a marginal 0.4% share, suggesting limited activity in this niche.
• Commercial properties saw transactions worth AED 9.96 million, making up 0.7% of total off-plan sales.

Ready Property Transactions Breakdown

The ready property market accounted for 39.4% of the total transactions, reflecting the solid demand for completed properties.

• Flats made up the majority of ready property transactions at AED 654.10 million, contributing 70.0% of this segment, indicating high investor confidence in ready-to-move-in apartments.
• Villas contributed AED 145.76 million, representing 15.6% of total ready transactions, reflecting steady interest in established villa communities.
• Hotel Apartments & Rooms had transactions worth AED 59.92 million, accounting for 6.4% of ready property sales, highlighting selective investment in hospitality units.
• Commercial properties recorded AED 75.24 million, representing 8.0% of the ready market, showing a notable demand for operational business spaces.

Market Insights & Trends

• The strong off-plan sales indicate a growing interest in Dubai’s future developments, with investors betting on long-term capital appreciation and attractive payment plans.
• Flats dominate both segments, underlining Dubai’s position as a hub for apartment-based residential living.
• Ready villas show moderate demand, with investors potentially focusing on prime locations and established communities.
• Commercial property transactions remain steady, with interest in both off-plan and ready office and retail spaces.
• The hotel apartments segment is relatively subdued, but steady transactions suggest selective investments in hospitality real estate.

Conclusion

Dubai’s real estate market continues to exhibit strong investment activity, with off-plan properties leading transactions, indicating confidence in upcoming projects. Ready properties maintain a solid presence, particularly in flats and commercial spaces. As Dubai’s real estate market evolves, investor interest remains high, setting the stage for continued growth in both off-plan and ready segments.

Dubai Real Estate Market Review 11-Feb-2025

Tech adoption rises in Dubai real estate. Dubai South may feature an Eiffel Tower replica. Top 13 projects launched in January 2025. Airport expansion in Dubai South to create 500,000 jobs.

Dubai real estate: Developer launches Avenue Park Towers in Wasl 1

Wasl is launching Avenue Park Towers within the Wasl 1 development, near Zabeel Park in Dubai.

Dubai real estate sector recorded $4.6bn of transactions last week, including $31.6m Jumeirah apartment

The Dubai real estate sector recorded AED17.05bn ($4.6bn) of transactions last week, according to data from the Land Department.

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Revolutionary AI-powered real estate platform GetProp launches in the UAE

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Top 13 projects launched in January 2025

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Aldar’s 2024 profit surges 43% amid thriving property market

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Ajman: AMAQ and ZInteriors announce luxe-townhouse development project

AMAQ and ZInteriors are collaborating on a luxury townhouse project in Ajman, backed by investor Salman Chouhdry. Set for Q4 2025, the project combines AMAQ’s expertise in fitout and construction with ZInteriors’ luxury design. The firms plan further expansion into Ras Al Khaimah, leveraging regional real estate growth.

5,344 new hotel room openings expected in Dubai this year

Shanghai, London, and Dubai are set to open the most hotel rooms in 2025. Dubai leads the Middle East with 5,344 rooms, while London (5,632) and Shanghai (7,953) top Europe and Asia. The Middle East & Africa expects 50,683 new rooms, and 228,468 are projected in Asia Pacific.

Airport expansion in Dubai South to create 500,000 jobs

Dubai South anticipates a job surge as the Dh128B Al Maktoum International Airport expansion progresses. Expected to create 500,000 jobs, the development drives demand for offices, retail, and infrastructure. Investor interest grows, with residential projects like The Pulse Beachfront and South Living boosting economic activity.